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New conventional loans usually assumable with no prepayment?
edward scott
Sep 28, 2009, 05:02 PM
Do banks and loan brokers usually allow assumability on 30 year fixed rate conventional loans when the rate is close to 5%
JudyKayTee
Sep 28, 2009, 05:15 PM
It's on a case by case review basis - some loans have no assumption clauses.
Depends on the paperwork and other factors.