How Do Assumable Loans Work?

Answer Homeowners who get into trouble with their mortgage payments may look for a way out of their problems without damaging their credit or facing a foreclosure. Short sales receive much of the press as... Read More »

Top Q&A For: How Do Assumable Loans Work

How do student loans work, and what are my options for applying for graduate student loans?

To get a student loan, your first step is to fill out the Free Application for Federal Student Aid (FAFSA). You should submit your FAFSA as soon as possible – you can make estimates and correct t... Read More »

What is an assumable loan?

An assumable loan allows the buyer of property the right to take over the current mortgage payments from the seller. The buyer will have the same terms and conditions for repayment that the seller ... Read More »

How to Qualify for Assumable Mortgages?

Some mortgage loans are assumable, meaning if you wish to purchase a home with an assumable loan, you can acquire the existing loan at the existing loan rate and remaining terms rather than startin... Read More »

How do student loans work?

If you've been approved for federal student aid then the money will be sent directly to the school when it's due.