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-   -   New conventional loans usually assumable with no prepayment? (https://www.askmehelpdesk.com/showthread.php?t=400790)

  • Sep 28, 2009, 05:02 PM
    edward scott
    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%
  • Sep 28, 2009, 05:15 PM
    JudyKayTee

    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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