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Account Closed's profile image
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Account Closed
  • from Mechanicsville, Virginia
  • Member since Mar 9, 2014
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Account Closed's profile image
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Account Closed
  • from Mechanicsville, Virginia
  • Member since Mar 9, 2014
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Account Closed
  • Mechanicsville, VA
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General Real Estate Investing

assumable loans

Account Closed
  • Mechanicsville, VA
Posted Mar 29 2014, 22:22

I have been trying to obtain more properties to rent by assumable loans. I have found a large number of homes financed in the past 4 years that are assumable. However, the real estate agent I work with reuses to even write a contract so I can assume the loans. It is much cheaper for me to assume the loans then put 25% down and only be allowed 2% closing on a new loan.

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