Naturally, you will need to be approved by the original lender to assume the mortgage. Below are a few techniques, provided the seller is willing to negotiate and has a genuine interest in selling the land as soon as possible. If you cannot be approved for an assumable mortgage, you may also try a subject [...] If the seller wants a higher price than what is owed on the mortgage, you can still assume the mortgage and then get a second mortgage with the seller for the remaining cost of the home.
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