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There are advantages for both the buyer and the seller when processing an assumable mortgage and taking over the seller’s loan, especially if the seller’s mortgage interest rate is much lower than the current market rates, or is lower than the rate the buyer might be able to get based on credit history.
Bad credit? An fha bad credit mortgage loan may be an option for. One of the first things a bank will look at when you apply for a loan will be your credit scores.
Redfin launches mortgage lending in Florida, Maryland, and Tennessee Redfin Mortgage, LLC is now offering loans to homebuyers in Florida, Maryland, and Tennessee. Redfin Mortgage is a subsidiary of Redfin. Redfin Mortgage offers fixed- and adjustable-rate.