Forms Needed to Assume a Mortgage?

Answer Closing a mortgage loan is far from a simple process. When you sit at the closing table, you'll have to sign several important forms that allow you to assume your new mortgage and pay for your new ... Read More »

Top Q&A For: Forms Needed to Assume a Mortgage

What Does it Mean to Assume a Mortgage?

To assume a mortgage means to accept the full legal obligation to repay an existing mortgage loan. Sometimes this means accepting the exclusive obligation to repay the loan, while other times this ... Read More »

How to Assume a Mortgage?

Assuming a mortgage is a process through which you take over the payments on an existing loan rather than securing your own financing to purchase the house. Most lenders include a clause that prohi... Read More »

How to Assume a Mortgage in Alberta?

When you assume a mortgage, you take over the homeowner's mortgage from the current lender at the homeowner's existing interest rate. Assumable mortgages are attractive if the current interest rate... Read More »

Can You Assume a Mortgage if You Have Filed for Bankruptcy?

A very small segment of the housing market allows buyers with a bankruptcy on file to acquire a mortgage with no questions asked. Sometimes they can do this at more attractive rates than those offe... Read More »