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Thread: Real Estate Market

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11-09-2023, 04:27 PM #1
Anna Nikkole

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Originally Posted by pumpernickel

Oh, if it's legitimately an assumable mortgage then no it's all on the lender. I thought you mean you were willing to owner finance it yourself, then you would carry the risk. But yes, if you qualify as an assumable mortgage then the person would need to be vetted & approved by the lender and make it their primary residence for at least 1 year(unless your lender requires longer).

Absolutely. I'll hold it a couple more years.

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