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New Hampshire Assumption Agreement of Mortgage and Release of Original Mortgagors Form

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New Hampshire Assumption Agreement of Mortgage and Release of Original Mortgagors Form

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a sumble mortgage is when you the buyer are taken over the current owners of the house or the sellers of the house current financing right you're taking over their debt so if you're buying a house from someone and let's just say they owe three hundred thousand dollars on a loan and it's an FHA mortgage well before I say that what assemble mortgage is on the certain mortgages that are assumable now we're talking traditional home buying right we're not talking investing okay because that's a whole different animal when it comes to some of the mortgages but for traditional home buyers the only FHA VA and USDA loans are assumable conventional mortgages are not assumable okay all right so that's first things first second thing is you need to know is when you're doing an assumable mortgage you have to go through the seller's current lender who they pay the mortgage to to qualify for that mortgage that the sellers

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