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

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

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so right now um a lot of people don't even know about assumable mortgages so I went to a listing this week and she actually knew I've shown her sold her a bunch of houses actually in fact and that her loan might be assumable so there's three things that you need to look for and the first one is FHA USDA and VA every one of those are assumable no questions asked but she had a conventional so super smart got all over paperwork she just closed a couple years ago on the house and pulled it out and sure enough um it's not asum able so it's just good to know but as a seller and as an agent you should be aware of that's coming and that might be something people are interested in so they can assume the 2% rate whatever it may be that super low as opposed to 8% that we're facing now

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