Special Offers From Me To You! 

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.

	See All Tips In The "Financing Your Home" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Marysia McDowall
RE/MAX In The Hills
1145 N. Main Street
Spearfish, SD. 57783
Phone: 605-641-2500
Toll Free: 877-642-2500
Fax: 605-642-2555
Email: marysiamcdowall@rushmore.com

At RE/MAX In The Hills, we are a team-oriented company committed to providing quality service and professional, ethical guidance to those wishing to buy or sell real estate. Marysia McDowall, Broker/Owner, has been in the real estate business in Spearfish, South Dakota for over 30 years. Marysia opened RE/MAX In The Hills in 1998 with her daughter, Olen'ka, who assists in all aspects of the company. In 2001 her husband, David McDowall, also Broker/Owner, joined the team. David manages the independent sales team. Marysia continues to strive for excellence by attending classes and honing her skills to maximize her abilities to serve each buyer and seller. She has completed her ABR, CRS, GRI, and CCIM. Marysia has long-time clients that continue to return to her as their real estate needs change. She is diligent about satisfying each buyer and seller. Here is what David and Marysia have to say about their company: "We have established detailed systems to strictly monitor all aspects of each transaction to ensure that our clients' expectations are not only met, but also exceeded. We are ready to go to work for you today!

www.BlackHillsRealEstateSolutions.com is brought to you by Marysia McDowall, RE/MAX In The Hills
NUMBER1EXPERT™ in real estate for Spearfish, Lead, Black Hills and Deadwood, South Dakota

Read Marysia McDowall, RE/MAX In The Hills' Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge