Mortgage Assumptions

I heard that a good way to aquire properties is through mortgage assumptions. Just wondering if anyone has had any good luck with this method, what are the pros and cons, what are some good numbers or rules, also any advice on how to go about finding these deals. Appreciate you help.


Conventional Mortgages aren’t assumable any more, but there is this little thing called subject 2’s. Do a search here to learn more.

Conventional mortgages are still assumable, but you have to meet the lender’s creditworthiness criteria (qualify) before they will let you assume.

Loan assumption approval is no different that getting approved for a new loan.

Oops, I stand corrected. But which way has your interest?