[quote=bearishgurl][quote=sdrealtor]Again the assumable feature is not that valuable. Its only valuable if rates are much higher than what you got which they arent. They are probably lower AND they are fixed. The costs are minimal and could be built into the loan anyway. It would make no sense for someone to assume your loan in this lending environment.[/quote]
It would if it was simple, inexpensive and the buyer didn’t have to jump thru so many hoops to obtain it.[/quote]
Dear Pollyanna
There are just as many hoops to assume it, little cost to obtaining a new mortgage, lower monthly payments fixed for the life of the loan and no benefit to them.
