What is a mortgage assumption? A mortgage assumption is when you sell your home to a buyer and transfer the terms of your existing mortgage to them as well. In a falling rate environment, few people ...

Text Callout : Key Takeaways - Mortgage Assumption vs. Refinance After Divorce: What You Should Know Of the many thorny issues that need to be worked out in a divorce, how to handle your shared ...

When going through a divorce, an important financial decision that many couples have to face is whether one spouse may have to take over the mortgage of a shared home (referred to as mortgage ...

ST. LOUIS (KTVI) – The current housing market is a mixed bag. From home prices to inventory, potential buyers and sellers are wondering where they stand, and mortgage rates are fueling a lot of ...

Q. My son just recently was granted a divorce. He intends to buy out his ex-wife’s equity in the marital home. He would just like to remove her name from the mortgage through assumption. Will the ...

The Federal Housing Administration (FHA) is working to offer a new partial claim option before the end of 2023, according to the federal housing commissioner at the U.S. Department of Housing and ...

On December 20, 2023, the Department of Veterans Affairs (VA) issued Circular 26-23-27 (the “Circular”) to remind holders and servicers of VA-guaranteed loans about their obligation to process ...

If you have an assumable mortgage, this can be the simplest and least costly way to let one spouse take sole ownership of the home. Refinancing in this interest rate environment could leave you with a ...