What’s the advantage to taking over a loan as a opposed to just getting a new one?
Also, would the bank transfer my name to an existing loan that I am taking over?
Thanks in advance for your comments.
Joe
What’s the advantage to taking over a loan as a opposed to just getting a new one?
Also, would the bank transfer my name to an existing loan that I am taking over?
Thanks in advance for your comments.
Joe
hi joedc,
just from my understanding if you can get a lower interest rate w the existing loan, and not the one that you are pre-approved for…the smart thing to do is just to assume the existing loan on the proprty.
strted @22
strted
Yea, that’s what I figured.
Thanks, Joe.
Most assumable loans you will have to qualify for, FYI.