I’m going through a divorce and make an assumption of a loan. My house is upside down $ 90,000.00. What are my options?
I know my best options and what I’m looking for so that I could not take the pot. I have a mortgage on JP Morgan, Washington Mutual in the past. These people are terrible, and you constantly run. They are the only company to make money and enjoy the benefits of their customers.
I spoke with a friend to buy his house. My credit is bad, and he suggested that I expect the loan to 6% of its “simple assumption.” I understand he is still responsible for the borrowing should I default, but I would keep your interest rate, after receipt at the door. Is such an agreement to improve your credit rating at all? What is all the negative sides of this situation?