An assumable mortgage can be transferred from the seller to the new buyer. Generally requires a credit review of the new borrower and lenders may charge a fee for the assumption. If a mortgage contains a due-on-sale clause, a new buyer may not assume the mortgage.
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Betty is a professional California licensed real estate agent at Malibu Estates. She believes that each and every one of her clients deserves her best. From start to finish, you can depend on Betty’s excellence and quality in customer care and service. Whether you are selling, buying, or leasing, her number one priority is always you and your needs and desires. She is available and will go above and beyond the call of duty on your behalf.