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Assumption Agreement of Mortgage and Release of Original Mortgagors South Carolina Form

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Assumption Agreement of Mortgage and Release of Original Mortgagors South Carolina Form

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my buyers just bought a house and assumed a 2.875 percent mortgage this is the equivalent of a 30 discount to what they would have been paying it's absolutely insane what makes it crazier is that this listing was not advertised if you go to Redfin or Zillow and you search assumable listings in your area you're likely to find very few and the few that you do find the majority of them will be VA now I'll just go ahead and tell you this is not VA loans you don't have to be a veteran all you have to do is be qualified for a conventional mortgage but the problem is is nobody is advertising that these are assumable in fact of the 84 active listings right now in Nashville that are FHA assumable and by the way these 84 are 84 from 2021 FHA Loans one is advertising that it's assumable one so we actually found one that was assumable we worked with our buyer to get them into contract now I knew that if we made an offer requiring assumption this was a compet

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