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Wa Assumption Agreement  Form

Wa Assumption Agreement Form

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Instructions and help about Wa Assumption Agreement

hi it's Kevin Mitchell your Washington realtor with fathom Realty and this is real estate word of the day today's word is assumable mortgage and assumable mortgage is a type of financing Arrangement whereby an outstanding mortgage and its terms are transferred from the current owner to a buyer by assuming the previous owner's remaining debt the buyer can avoid obtaining their own mortgage USDA FHA and VA loans are assumable when certain criteria are met the buyer would need not be a military member to assume a VA loan when interest rates rise an assumable mortgage is attracted to a buyer who takes on an existing loan with a lower rate buyers must still qualify for the mortgage to assume it thank you for watching my name is Kevin Mitchell your Washington realtor with fathom Realty and this is real estate word of the day

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