assumability

Englisch - Englisch

Definition von assumability im Englisch Englisch wörterbuch

When the buyer is allowed to take over (or assume) the seller's mortgage, which is already in place on the property

A feature of a loan which allows it to be transferred to the new purchaser of a home Assumable mortgages can help attract buyers since assumption of a loan requires lower fees and/or qualifying standards than a new loan

A feature of a loan which permits you to transfer your mortgage and its specified terms to the person(s) purchasing your home Having an assumable loan could make it easier to sell your home, since assumption of a loan usually involves lower fees and/or qualifying standards for the new borrower than a new loan

An assumable mortgage can be transferred from the seller to the new buyer Generally requires a credit review of the new borrower and lenders may charge a fee for the assumption If a mortgage contains a due-on-sale clause, it may not be assumed by a new buyer TOP

The ability of a seller to transfer the mortgage to the new buyer This means the mortgage is assumable Lenders generally require credit review of the new borrower and may charge a fee for the assumption When you are selling your home assumability can help you attract buyers

When a home is sold, the seller may be able to transfer the mortgage to the new buyer This means the mortgage is assumable Lenders generally require credit review of the new borrower and may charge a fee for the assumption Some mortgages contain a due-on-sale clause, which means that the mortgage may not be transferable to the new buyer Instead, the lender may make you pay the entire balance that is due when you sell the home Assumability can help you attract buyers if you sell your home

Allows the buyer to take over the seller’s mortgage on the property

A feature of loans which permits you to transfer your mortgage and its specified terms to the purchaser of your home

The seller of a home may be able to transfer the mortgage to the buyer Not all Lenders allow assumptions Some mortgages contain a due-on-sale clause, which means that the mortgage may not be transferable to a new buyer If the mortgage is assumable, the Lender generally requires a credit review of the new borrower and may charge a fee for the assumption

A loan feature that allows the loan to be transferred from the seller to the purchaser of a home with the same terms and conditions, subject to lender approval

This feature lets the person who buys your house pick up your mortgage at the same rate and term If rates have gone up since you took out the mortgage, it's a nice selling point

A loan which may be assumed by a new buyer Lenders generally require credit review of the new borrower and may charge a fee for the assumption Assumability may help you attract buyers when you sell your home

Allows the buyer to take over the seller's mortgage on the property

This permits you to transfer your mortgage to anyone who wants to buy your house, as long as that person meets the credit standards of the lender

When a home is sold, the seller may be able to transfer the mortgage to the new buyer   This means the mortgage is assumable   Lenders generally require credit review of the new borrower and may charge a fee for the assumption   Some mortgages contain a due-on-sale clause, which means that the mortgage may not be transferable to the new buyer   Instead, the lender may make you pay the entire balance that is due when you sell the home   Assumability can help you attract buyers if you sell your home  

A provision in the mortgage that allows the seller to transfer the mortgage to a new buyer Most lenders require a credit review of the new borrower and may charge a fee for the assumption

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