U
/u/kal_pal
Guest
I’m currently looking at homes for a conventional loan, but also want to look into assumable loans as well (fully knowing that the stars have to align for it to work).
My realtor (no contract) has suggested that we would need to hire someone to push the banks to keep this process moving, which I’m not interested in, I can push them myself all day long if need be.
My thought is that given that the market is a bit stagnant with rates and we (husband and I) would just need to vet the sellers RE agent to see if they’re highly motivated to take sell with an assumable loan we could add in a clause with of a 45 day close, so we’re both pushing the bank to keep up with the process. However, I’ve never done this before and am not really sure who / how to push the banks, or if someone else is really needed to be hired to do so.
My question is, has anyone had success with this and can give some more details on the timing that they took to close, how that process works and if it’s something that a third part needs to be hired for.
submitted by /u/kal_pal
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Success with an Assumable Loan?
Continue reading...
My realtor (no contract) has suggested that we would need to hire someone to push the banks to keep this process moving, which I’m not interested in, I can push them myself all day long if need be.
My thought is that given that the market is a bit stagnant with rates and we (husband and I) would just need to vet the sellers RE agent to see if they’re highly motivated to take sell with an assumable loan we could add in a clause with of a 45 day close, so we’re both pushing the bank to keep up with the process. However, I’ve never done this before and am not really sure who / how to push the banks, or if someone else is really needed to be hired to do so.
My question is, has anyone had success with this and can give some more details on the timing that they took to close, how that process works and if it’s something that a third part needs to be hired for.
submitted by /u/kal_pal
[link] [comments]
Success with an Assumable Loan?
Continue reading...