Quote:
Originally Posted by fotze
That is one of the great mysteries of banks. They give you the gears, check up into your rectum to be sure you can pay the mortgage, yet this same mortgage is assumable by any Joe Dicksniff. Something doesn't jive. Is the prequalifying process just for show, much like a lineup outside of Cowboys?
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Well, the one thing is the original mortgage holder is still on the hook for the first year after JD assumes the mortgage.
But yeah. When I assumed my mortgage it was due to me not being able to qualify otherwise. I kept waiting for the other shoe to drop- wondering when everything that was going so well to start coming apart on me.