No loan costs

Homebuyers can avoid loan costs with a mortgage loan assumption. Consider that a new mortgage loan can cost the buyer at least $1,000; sometimes closing costs can add up to 5% of the sales price. By assuming an existing loan, the buyer only has the usual sales expenses and none of the lender and financing charges. This can save the buyer more than $1,000.

However, the buyer must not skimp on attorney costs. Because of the complexity of this maneuver, a competent real estate attorney is absolutely necessary.

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Real Estate Planning And Prosperity

Real Estate Planning And Prosperity

Entrepreneurs go against the flow. You've a business idea. Lots of individuals have business themes. The difference is that you, the entrepreneur, take action. Realty investors are the same.

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