This is called assuming the mortgage. Naturally, you
This is called assuming the mortgage. Naturally, you will need to be approved by the original lender to assume the mortgage. At the end of the term on the second mortgage, you should be able to refinance the property and [...] What if the seller asks more than what the balance is on the mortgage? Complete the deal with a second mortgage created with the seller. Finance companies like real estate. Purchasing real estate is still possible even with out a down payment.
Missoula real estate
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