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Costs of assuming home loan?

Hi. I need to remove my X husbands name from my loan. So we are going to have the loan assumed instead of refinancing. But my bank that I have my mortgage through is saying it will cost $900 to have it assumed. Is there another way I can assume it w/o paying so much?

Niicss's picture
Niicss | Joined: October 3, 2005 11:54 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

There are certain costs involved while assuming the mortgage. So, you need to pay the required amount asked by the lender and then assume the loan. Nevertheless, you can always negotiate with your lender and check if he agrees to reduce the fees.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:02 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Thank you for your response. I appreciate your help!

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:02 | Post subject:

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