Welcome to Easy Mortgage Online Guide
Las Vegas Mortgage Article
This is a selection made from among articles on Las Vegas Mortgage. For a permanent link to this article, or to bookmark it for future reading, click here.
Assumption, Assuming a Mortgage
from: Jennifer Hershey An assumption is the agreement between the buyer and the seller
where the buyer takes over the payments on an existing mortgage
from the seller. Assuming a mortgage can usually save the buyer
money since this is an existing mortgage debt, unlike a new
mortgage where closing costs and new, probably higher, market
rate interest charges will apply.
This type of mortgage scenario might just be a nice fit for
someone who is looking to save money on closing costs and assume
a low interest rate.
Another benefit associated with assuming a mortgage is that a
portion of the mortgage has already been paid by the seller.
Also, there is little doubt that the house has appreciated since
the seller purchased the house, so the mortgage you assume will
be less than the actual value of the home.
The assumption of a mortgage loan can be tricky, and is not
without all of the paper work that accompanies traditional
mortgages. So be sure to consult the appropriate parties such as
a real estate lawyer or realtor to help point you in the right
direction.
Without a doubt, the number one benefit to an assumption is the
money saved in closing costs. So if this sounds like a fit to
you, than it is definitely worth the time you take to research
it.
About the author:
Jennifer Hershey has more than twenty years of experience in the
Mortgage Industry as a loan officer. She is the owner of
http://www.explainingmortgages.com/, a mortgage resource site
devoted to making mortgage terms and products easy to
understand.
 |
 |
Warning: file(http://www.searchfeed.com/rd/feed/TextFeed.jsp?trackID=J4200085324&pID=67483&cat=las+vegas+mortgage&nl=5&page=1&excID=) [function.file]: failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found
in /home/quies/public_html/mortgage/datas/searchfeed.php on line 8
Las Vegas Mortgage Specific links
Las Vegas Mortgage News
Company offers second-chance mortgage loans
Homeowners who got caught in the Las Vegas housing bubble and lost their homes through foreclosure or short sale deserve a second chance, said Rick Piette, manager of Premier Mortgage Lending.
Read more...Anger, disarray and double defeat take toll on Gingrich
LAS VEGAS (Reuters) - What happens in Vegas, stays in Vegas. And Republican Newt Gingrich certainly will hope the disarray that marred his campaign in Nevada last week will not doom his White House bid as he heads toward a possible Super Tuesday last-stand next month. Stinging losses to Mitt Romney in Florida and Nevada within a week have sucked much of the energy from the former House speaker's ...
Read more...The Mark A. Baker Mortgage Team Launches Home Affordable Refinance Program Website To Educate Homeowners
LAS VEGAS, Jan. 19, 2012 /PRNewswire/ --The Mark A. Baker Team, an experienced mortgage origination firm, to launch new company website, www.NevadaHARP.com, to help Nevada homeowners determine if they ...
Read more...Analyst: Las Vegas Home Prices Expected To Keep Dropping
Home prices in Las Vegas will continue to slide for the next six months and recovery won't come until banks open up the spigot on foreclosures, housing analyst Dennis Smith said Thursday in his annual housing outlook webinar. Recent legislation cracking
Read more...Gingrich comes out swinging on eve of Nevada caucuses
LAS VEGAS -- Former Georgia Congressman Newt Gingrich delivered a fiery closing argument here on the eve of Nevada's Republican caucuses, predicting he would win the GOP nomination and taking several swings at Mitt Romney and President Barack Obama.
Read more...