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Home > Money & Services > Mortgages   »   new conventional loans usually assumable with no prepayment?

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Old Sep 28, 2009, 05:02 PM
edward scott
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new conventional loans usually assumable with no prepayment?
do banks and loan brokers usually allow assumability on 30 year fixed rate conventional loans when the rate is close to 5%

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Old Sep 28, 2009, 05:15 PM   #2  
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It's on a case by case review basis - some loans have no assumption clauses.

Depends on the paperwork and other factors.
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