Quote:
Originally Posted by Flames_Gimp
i assumed too. the only thing is, the mortgage i assumed is up in a few years and then the bank will have to approve me to renew it.
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If you go with the same lender then you shouldn't have to.. what are they going to do, kick you out of your house?
Yeah assuming can be good, though even that can be tough right now. A lot of sellers got their mortgages before the big run up, so the values have gone from $160k to $300k with a mortgage of $140k, so the cash to mortgage becomes HUGE
