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Assumption Agreement of Mortgage and Release of Original Mortgagors Illinois Form

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Assumption Agreement of Mortgage and Release of Original Mortgagors Illinois Form

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[Music] on this video i'm going to discuss the loan assumption process is becoming more and more popular especially now that interest rates are higher current loans could be much more attractive to assume from a buyer so the number one thing that we are doing as a team is making sure that we ask every owner that's selling is your current loan assumable it might be able to get you a better price because there's better interest rate financing that a buyer can assume than the the current rates that are offered in today's market so let's dive in here's a couple things you need to know or think about and do on the front end before assuming alone we had just put together a loan assumption on a building in orange county which sparked this video and these are some of the things that we went through number one we asked is what is the timing of the loan assumption process we were told start to

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