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How do you know if your car loan is assumable?
you dont
What types of mortgages are assumable?
All mortgages are assumable, but only some are inherently assumable due to their lack of a due-on-sale clause. These include FHA mortgages, USDA Mortgages, and VA Mortgages as well as ARMs. In order to assume a mortgage, in most cases, it is necessary to qualify under the same creditworthiness standards as getting a new loan. With VA Loans you do NOT need to be a veteran to assume the loan
Who is resposible for the loan if the title is in the deceased name only?
The estate is responsible for the loan. If it is not paid the bank will take the property.
How do you assume a mortgage?
You can only assume a mortgage if the loan is assumable, and a great many are not. The mortgagor can call their mortgage company and ask for an assumption package which will tell you what is required. True, but, actually a great many mortgages ARE assumable. Everything you need to know and thousands of homes with assumable mortgages are available for search by visiting www.havemyhouse.com
What is an assumable loan?
Suppose you buy a car with a loan. Suppose I really like your car, but you are getting tired of it. An assumable loan means I can take over the payments from you and the car and the loan goes into my name. Phil You can also assume a mortgage on a home when you buy it. Or you can sell your home through an assumption. It is only possible for certain mortgages - mostly Government backed loans such as FHA or VA but it is somthing that is becoming more and more popular in this constantly changing real estate market. To search homes for sale with assumable mortgages or to list your home for sale go to www.havemyhouse.com
How do you know if your car loan is assumable?
you dont
Is there closing cost on an assumable loan?
Yes, there is usually a closing cost on an assumable loan. However, it will vary from state to state as laws are different from one place to another.
In default 6000 on a home loan can it be foreclosed?
A home can be foreclosed on if the terms of the loan are violated. The amount does not matter.
What do foreclosed mean?
The action taken by a bank or loan company to call in a loan or mortgage.
Who are the guarantors for Indian government while taking loan from world bank?
every indian is resposible for that loan
What types of mortgages are assumable?
All mortgages are assumable, but only some are inherently assumable due to their lack of a due-on-sale clause. These include FHA mortgages, USDA Mortgages, and VA Mortgages as well as ARMs. In order to assume a mortgage, in most cases, it is necessary to qualify under the same creditworthiness standards as getting a new loan. With VA Loans you do NOT need to be a veteran to assume the loan
Who is resposible for the loan if the title is in the deceased name only?
The estate is responsible for the loan. If it is not paid the bank will take the property.
How do you assume a mortgage?
You can only assume a mortgage if the loan is assumable, and a great many are not. The mortgagor can call their mortgage company and ask for an assumption package which will tell you what is required. True, but, actually a great many mortgages ARE assumable. Everything you need to know and thousands of homes with assumable mortgages are available for search by visiting www.havemyhouse.com
What is an assumable loan?
Suppose you buy a car with a loan. Suppose I really like your car, but you are getting tired of it. An assumable loan means I can take over the payments from you and the car and the loan goes into my name. Phil You can also assume a mortgage on a home when you buy it. Or you can sell your home through an assumption. It is only possible for certain mortgages - mostly Government backed loans such as FHA or VA but it is somthing that is becoming more and more popular in this constantly changing real estate market. To search homes for sale with assumable mortgages or to list your home for sale go to www.havemyhouse.com
What describes an assumable mortgage?
It can be transferred from a seller to a buyer.
How do you find a VA assumable Loan?
You can find a VA Assumable loan from any legitimate loan company both foreign and local.if you are finding it difficult to obtained a loan from a money lender, you can contact this lender whose name is Mr. Maurice Tyson? Eight months ago. I was offered a loan on the terms of four months and a loan of £62,000.00 for construction contract financing in west London. Ever since i have been using his company as a financial for any contract i am given. Pls find his contact email:inquiry.nortonfinanceloans@hotmail.co.UK if you are interested in getting a loan from him. Henry
You got a loan for your dad how can you get it out of your name and in his?
If your are referring to a co-signed loan, where you guaranteed a loan for your father, then you are generally not able to remove yourself from the loan until it is repaid unless the lender agrees, and determines your father no longer requires a co-signer. To transfer a loan that is completely in your name from yourself to your father, he would have to obtain approval from the lender. Generally, a lender is not obligated to consider this unless the loan was originally issued as "assumable". Most mortgages, for instance, are assumable. This means that you could sell your house by having a qualified buyer assume your mortgage upon approval from your bank.
