assumable vs non-assumable - Posted by BJA

Posted by Ed Garcia on March 28, 2001 at 10:09:22:

BJA,

When you ask what are the characteristics of an assumable loan? Of course that it’s ASSUMABLE.

I think what you’re trying to say is, which is better a fixed or assumable loan. I myself at one time would have told you FIXED. Today I wouldn’t say that, I think that each loan serves a purpose. If rates are up, get an assumable and ride out the storm. When rates are down, it’s a great opportunity to lock up some good bottom basement financing.

BJA, you asked a simple question, I gave a simple answer, Hope it helps?.

Ed Garcia

assumable vs non-assumable - Posted by BJA

Posted by BJA on March 28, 2001 at 24:51:55:

Hi everyone,

Are the majority of outstanding mortgages in the marketplace assumable or non-assumable? Regardless, what are the characteristics of an assumable loan(ie-pre-date, etc).

Thanks for any help!

BJA