Request Our Free Relocation Package. Don't Move To Atlanta, Duluth and Alpharetta Without It!  Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate to and from the Atlanta, Duluth and Alpharetta, Georgia area. If you will be moving to the Atlanta, Duluth and Alpharetta area, we can correspond by email and phone. Together, we'll determine what type of home, price range, and neighborhoods you are interested in. We'll send you every home or property that is currently available that matches your criteria. When you visit, we'll be ready! We will visit the Atlanta, Duluth and Alpharetta neighborhoods and homes that interest you the most. In addition, we can talk about schools, sub-divisions, local market conditions, local culture... anything that is important to you. Remember: As top Atlanta, Duluth and Alpharetta REALTORS®, it's our job to know this area inside and out, and we want to make your transition as smooth as possible. Are you new to the area? Request our FREE package of Atlanta, Duluth and Alpharetta relocation information. It's our job to help! There's no obligation, and we promise to respond quickly...
Financing Your Home >Assuming a Mortgage
You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.
Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.
Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.
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| Q |
What four states in the Southwest are noted for having boundaries that touch.
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| A |
New Mexico, Arizona, Utah and Colorado, referred to as the "Four Corners", have adjoining boundaries. |
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