Posted on: 11th Aug, 2008 07:41 am
i currently have a mortgage with mu boyfriend we are breaking up and i would like to get the mortgage transferred into my name, his credit is alot better than minds. our lender has sent us out an assumption package to see if i can handle the mortgage by myself. my credit is not that good will that affect there decision to switch the mortgage over to me even though thats what my ex's and i agreed on?
Welcome rochelle.
You credit will be considered to get approved for the loan assumption. How good is your credit? If it is over 680 then you should not have problem to assume the loan.
You credit will be considered to get approved for the loan assumption. How good is your credit? If it is over 680 then you should not have problem to assume the loan.