Tag Archive | "assumable mortgage"

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FHA Mortgages Still Assumable

Although the FHA has changed some of their requirements, it’s important to take note that FHA loans are still assumable. That means buyers looking for a deal can “take over” FHA mortgages from sellers that have them. The Washington Post explains: “The major force behind assumptions is the ability of buyers to get financing at an interest [...] [...more]

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The “Lease to Own” Scam

“Lease to own” deals often seem like a smart idea to home buyers who can’t qualify for traditional loans. But, be aware that a lot of these offers are designed to rip you off. A few years ago, I spoke with a man who made a living with lease to own properties. Basically, the process went [...] [...more]

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