Sentences with phrase «loan assumption normally»
Loan assumption normally occurs when the loan on the property has a below market interest rate, as it helps the buyer save money on financing the property.
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Loan assumption normally occurs when the loan on the property has a below market interest rate, as it helps the buyer save money on financing the property.
Not exact matches
Normally, assumptions are only granted when they are required to be available (such as on a VA loan) or when the remaining party has a very good credit and repayment record, which you do not since it looks like you are loaded down with credit card debt, plus the loan is new and you have paid relatively little of it.