Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from a Colorado Springs, Fountain and Falcon, Colorado real estate agent(s). Contact Lorraine Sayer today! Find Colorado Springs, Fountain and Falcon Homes - Find Colorado Springs, Fountain and Falcon, Colorado real estate listings & homes for sale provided by Lorraine Sayer, your local expert real estate agent(s). For Home Buyers - Get home buying information, the latest listings, mortgage information, expert advice, and much more from Lorraine Sayer, a Colorado Springs, Fountain and Falcon, Colorado real estate agent(s). For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from Lorraine Sayer, Colorado Springs, Fountain and Falcon, Colorado real estate agent(s). Colorado Springs, Fountain and Falcon Information - Find local information on Colorado Springs, Fountain and Falcon, Colorado including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by Lorraine Sayer, real estate agent(s). Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from Lorraine Sayer, Colorado Springs, Fountain and Falcon, Colorado real estate agent(s). About Lorraine Sayer - Information about Lorraine Sayer including testimonials, guarantees, credentials, and contact information. Learn about real estate agent(s) like Lorraine Sayer in the Colorado Springs, Fountain and Falcon, Colorado area. 
Please Sign Up For The Latest Listings and the Latest Real Estate News
Financing Your Home >Assuming a Mortgage
You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.
Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.
Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.
|
| Q |
Where is the world's oldest castle located?
|
| A |
The castle at Gomdan, Yemon, dating from before A.D. 100, is considered the oldest castle; it originally had 20 stories. |
 See More Real Estate Trivia > |
|
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
