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Pembroke Pines, Weston and Davie Information:
About Pembroke Pines, Weston and Davie - Moving to Pembroke Pines, Weston and Davie, Florida? Get info here... School Reports - Reports for Pembroke Pines, Weston and Davie schools kindergarten, elementary, and high schools. Relocating? - Free real estate information & relocation package if you're relocating to Pembroke Pines, Weston and Davie, in Broward County FL. Go to Main Sitemap - Main sitemap sections include Find Pembroke Pines, Weston and Davie Homes, For Home Buyers, For Home Sellers, Pembroke Pines, Weston and Davie Information, Real Estate Resources, and About Pilar Moscoso Real Estate Group.
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Financing Your Home >Assuming a Mortgage
You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.
Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.
Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.
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| Q |
Where would you go if you wished to stay in the world's most expensive hotel room?
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| A |
The Imperial Suite at the President Wilson Hotel in Geneva, Switzerland, which can be reserved for $33,000 per night. |
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Pilar Moscoso, Broker - Realtor
The Moscoso Real Estate Group
Keller Williams Realty Partners SW
2000 NW 150th Avenue, Ste 2000
Pembroke Pines, FL 33028
Phone: 954-438-0345
Fax: 954-237-0401
pilar@moscosogroup.com
In today´s dynamic and complex market, home buying and selling demands more experience and knowledge than before. That is why you need a highly trained professional on your side, with the skills to help you achieve your goals and protect your principal investment.
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