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An assumable mortgage is a loan that can be transferred from the seller to the buyer. The buyer keeps the rate in terms of the original loan.
When the interest rate of your current mortgage is below the market rate for a new loan, a home buyer could save thousands of dollars by taking over or “assuming” your existing loan. This unique feature could give you a competitive edge against other homes on the market.
If you have any further questions, check out our FAQ page.
It’s smart to know all your options upfront. One benefit of being a Lakeview customer is our full-service approach to helping each customer navigate the mortgage marketplace. Our mission is to be your trusted lender of choice for all future mortgage transactions. Contact a Lakeview Mortgage Loan Originator for a free, no-obligation consultation.
It is the policy of Lakeview to provide services without regard to race, color, religion, national origin, ancestry, age, sex, familial status, physical handicap, or disability.
Lakeview Loan Servicing, LLC · NMLS #391521 · NMLSCONSUMERACCESS.ORG
Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act #4131216
Refinancing existing loans may result in total finance charges being higher over the life of the loan, reduction in payments may partially reflect a longer loan term.
Lakeview Loan Servicing, LLC
4425 Ponce de Leon Blvd, MS 5-251
Coral Gables, FL 33146
Toll Free: 1-855-294-8564
Monday – Friday 9am to 8pm ET
This information is provided as guidance and illustrative purposes only and does not constitute legal or financial advice. We are not liable or bound legally for any answers provided to any user for our process or position on an issue. This information may change from time to time and at any time without notification. The most current information will be updated periodically and posted in the online forum. Not licensed for lending activities in any of the U.S. territories. Not authorized to originate loans in the State of New York. Copyright Lakeview 2023.
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