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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Original terms remain the same... Posted by Ward-CA- on August 24, 2003 at 2:43 PM In Reply to: bank question posted by rickrojas on August 24, 2003 at 1:33 PM : If a bank realizes that you have bougth the property subject to, and requires you to qualify to assume the loan, how would that work as far as the terms, would they only let you assume the loan at the same rate that the previous borrower got, or would they renegotiate the terms of the loan with you? =?=?=?=?=?=?=?=?=?=?= Rick, Generally the loan terms remain the same. The adjustment would come in the points the lender will charge you to approve the assumption agreement. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : If a bank realizes that you have bougth the property subject to, and requires you to qualify to assume the loan, how would that work as far as the terms, would they only let you assume the loan at the same rate that the previous borrower got, or would they renegotiate the terms of the loan with you? : =?=?=?=?=?=?=?=?=?=?= : Rick, : Generally the loan terms remain the same. The adjustment would come in the points the lender will charge you to approve the assumption agreement. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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