Assumption, Assuming a Mortgage
This type of mortgage scenario might just be a nice fit for someone who is looking to save money on closing costs and assume a low interest rate.
This type of mortgage scenario might just be a nice fit for someone who is looking to save money on closing costs and assume a low interest rate.
Home equity loans are a quick and easy way to tap into the equity you have saved in your home. Savvy homeowners can save a lot of money by shopping from a variety of lenders; however, you need to understand the risks associated with home equity loans and consider alternatives such as a second mortgage before diving in.
If you are purchasing a home and have a substantial portion of your assets inside of a retirement account such as a 401K, 403B or other retirement product or annuity, you may choose the increasingly popular option of tapping those funds to make a down payment on your new home. Like any other accounts you may have in your name, such as brokerage accounts and bank checking, savings and money market accounts, most popular retirement accounts qualify as assets to be counted towar...
Raleigh, NC is a booming metropolis favored by many who enjoy its growing sophistication, work options, and leisure pursuits. If you plan on relocating to "the triangle" you can save money on your mortgage. Shop today for your Raleigh mortgage options today!