Posted on: 31st Mar, 2009 09:47 am
do have to be preapprove to assume a person mortage or have good credit what do the creditor look for
Hi tommymccrorey!
Welcome to forums!
In order to assume a loan, you need to check the mortgage documents first and see if the loan is assumable or not. While you assume the loan, the lender will definitely look after your credit score as well as your employment history. If you meet the required criteria, then you would be able to assume the loan.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
In order to assume a loan, you need to check the mortgage documents first and see if the loan is assumable or not. While you assume the loan, the lender will definitely look after your credit score as well as your employment history. If you meet the required criteria, then you would be able to assume the loan.
Feel free to ask if you have further queries.
Sussane