mortgage assumtion

That would depend on the lender and the clause in the loan docs that either allow or not allow for mortage assumption. You would have to qualify just like a regular loan as well. Your other option is just pay as the mortgage comes due. The lender will not know that the parents passed. You would want to avoid any probate...Good luck

Hi calvin,

You will have to contact the lender and refinance the mortgage in your name. In case, the assumption clause is mentioned in the mortgage agreement, then you can contact the lender for a mortgage assumption.

Thanks