Tag: Assumable Mortgage

Transferring a Deed Before the Loan Is Paid Off? Be Mindful of the “Due-on-Sale” Clause

Mar 12, 2025

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by

Deeds.com

in Quitclaim Deed, Real Estate

Are you thinking of transferring your deed? You might be quitclaiming the deed to someone you know, or you might be transferring it into a company or trust. Or you might be getting ready to sell. In all of these cases, check the rules on your home loan. If you have a conventional mortgage loan…
“Assume” Makes a Great Deal for You and Me, Right? What to Know About Your Assumable Mortgage

Aug 30, 2023

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by

Deeds.com

in Mortgage

Got a government-backed mortgage with an assumable loan? If you decide to sell, a buyer might jump at the chance to get, say, a 3% interest rate instead of something between 6% and 7%. An assumable loan lets the mortgage stay on the home, even though you transfer the home’s deed to a new owner.…