From your home to your car, and your apartment to your business, we offer a wide range of specialized services.
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Our mission is to help people conduct mutually beneficial transactions in a well-regulated online environment to buy, sell, and produce the best outcome for all parties involved
What does it mean to assume a loan or contract?
Assumption is the process of taking over an existing debt or contractual obligation from the original owner. More info
What are the advantages of assuming a loan?
The advantages of assuming a loan are getting more favorable interest rates, shorter life cycles of loans in some instances and discounts for the buyers and a
What kind of homes are eligible for assumption?
USDA, FHA, and VA loans are assumable if certain criteria are met by the lender.
USDA loans – Loans guaranteed by the Department of Agriculture
FHA loans – Insured by the Federal Housing Administration
VA loans – Guaranteed by the Department of Veterans Affairs. The buyer does not have to be a veteran or in the military.
What items can be assumed?
How does an assumption work?
The lender of the loan must approve the assumption prior to the transaction being signed off on. The potential buyer must also meet the lender’s requirements, such as having the creditworthiness and adequate assets to ensure that the loan will not be defaulted on.
What are the pros and cons of assuming an existing loan?
Pros
Cons
What is our role in the assumption process?
Assume it Now brings potential buyers and sellers to a safe marketplace to showcase their goods or services that they are looking to sell and purchase. We work with other professional in their prospective fields to help you in this process, such as lawyers, bankers, realtors, financers, credit counselors, mechanics and other professionals to help with your buying and selling experience.
1-123-456-7890