All Forum Posts by: Adam Bijou
Adam Bijou has started 2 posts and replied 2 times.
Post: How can I assume the mortgage on my brother’s house?

- Posts 2
- Votes 4
My brother is interested in selling his house to me, however, I’d like to keep the existing 2.9% interest rate on his mortgage. I’m wondering how I can do this without having his loan be called due. I heard this may be a possible by first placing the house in a trust and utilizing the Garn-St Germain act. Wondering if there is any validity to this?Any advice would be great appreciated. Thank you!
Located in: Trenton, NJ
Hi Everyone!
My name is Adam Bijou and my Fiancé and I are newbies to real estate. We are very excited to be apart of the 2022 Bigger Pockets Rookie Bootcamp as we have been listening to the BP podcast for close to a year now. The bootcamp has been fantastic so far. We have learned a lot, and have met many likeminded newbies. We plan to start searching for our first small multi-family house hack in the next 4 - 6 months and are extremely excited to get the ball rolling, while of course creating some amazing relationships along the way.