{"id":13523,"date":"2017-08-13T09:27:33","date_gmt":"2017-08-13T09:27:33","guid":{"rendered":"http:\/\/the-newspaper.cmsmasters.net\/?p=13523"},"modified":"2017-08-13T09:27:33","modified_gmt":"2017-08-13T09:27:33","slug":"a-quick-satisfying-fix-for-weeknight-chicken","status":"publish","type":"post","link":"https:\/\/news.proximainvestors.com\/index.php\/2017\/08\/13\/a-quick-satisfying-fix-for-weeknight-chicken\/","title":{"rendered":"Loans Assumable right now Oct 1, 2023"},"content":{"rendered":"<p data-sourcepos=\"1:1-1:261\">The number of mortgages that are assumable is relatively small. According to the Mortgage Bankers Association, only about 10% of all mortgages are assumable. This is because most mortgages are backed by Fannie Mae and Freddie Mac, which do not allow assumption.<\/p>\n<p data-sourcepos=\"3:1-3:64\">However, there are some mortgages that are assumable, including:<\/p>\n<ul data-sourcepos=\"5:1-9:0\">\n<li data-sourcepos=\"5:1-5:11\">FHA loans<\/li>\n<li data-sourcepos=\"6:1-6:10\">VA loans<\/li>\n<li data-sourcepos=\"7:1-7:12\">USDA loans<\/li>\n<li data-sourcepos=\"8:1-9:0\">Jumbo loans from some private lenders<\/li>\n<\/ul>\n<p data-sourcepos=\"10:1-10:189\">If you are considering assuming a mortgage, it is important to check with the lender to see if the loan is assumable. You will also need to meet the lender&#8217;s credit and income requirements.<\/p>\n<p data-sourcepos=\"12:1-12:58\">Here are some of the pros and cons of assuming a mortgage:<\/p>\n<p data-sourcepos=\"14:1-14:9\"><strong>Pros:<\/strong><\/p>\n<ul data-sourcepos=\"16:1-19:0\">\n<li data-sourcepos=\"16:1-16:92\">You may be able to get a lower interest rate than you would qualify for on a new mortgage.<\/li>\n<li data-sourcepos=\"17:1-17:48\">You may be able to avoid paying closing costs.<\/li>\n<li data-sourcepos=\"18:1-19:0\">You may be able to move into the home quickly, since you will not need to wait for a new mortgage to be approved.<\/li>\n<\/ul>\n<p data-sourcepos=\"20:1-20:9\"><strong>Cons:<\/strong><\/p>\n<ul data-sourcepos=\"22:1-25:0\">\n<li data-sourcepos=\"22:1-22:68\">You will need to meet the lender&#8217;s credit and income requirements.<\/li>\n<li data-sourcepos=\"23:1-23:66\">You will be responsible for any outstanding balance on the loan.<\/li>\n<li data-sourcepos=\"24:1-25:0\">You may be liable for any future problems with the home, even if they were caused by the previous owner.<\/li>\n<\/ul>\n<p data-sourcepos=\"26:1-26:178\">If you are considering assuming a mortgage, it is important to weigh the pros and cons carefully and to talk to a financial advisor to make sure it is the right decision for you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ut eu accumsan nunc. Nam ultrices, orci a volutpat molestie, ipsum magna posuere ex, vel lobortis dolor.<\/p>\n","protected":false},"author":1,"featured_media":14090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,17,25],"tags":[29,30,31],"_links":{"self":[{"href":"https:\/\/news.proximainvestors.com\/index.php\/wp-json\/wp\/v2\/posts\/13523"}],"collection":[{"href":"https:\/\/news.proximainvestors.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.proximainvestors.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.proximainvestors.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.proximainvestors.com\/index.php\/wp-json\/wp\/v2\/comments?post=13523"}],"version-history":[{"count":0,"href":"https:\/\/news.proximainvestors.com\/index.php\/wp-json\/wp\/v2\/posts\/13523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.proximainvestors.com\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/news.proximainvestors.com\/index.php\/wp-json\/wp\/v2\/media?parent=13523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.proximainvestors.com\/index.php\/wp-json\/wp\/v2\/categories?post=13523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.proximainvestors.com\/index.php\/wp-json\/wp\/v2\/tags?post=13523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}