Posted by tyler crandall on September 04, 2003 at 16:32:24:
I’ve heard that it can be done. Has anyone ever approached a bank and asked them to make a non-assumable mortgage into an assumable one? It could be advantageous depending on interest rates, and how long it takes to get an appraiser in your area. The bank can charge a fee, just like the points that they would charge if it were a new loan. What does the bank have to lose? Anyone have feedback?
Thanks.