One of the more under-the-radar benefits of VA loans is that they’re assumable. An assumption is generally defined as a purchase transaction where the purchaser takes over the liability of an existing mortgage from the seller.
With a whiteboard and marker, VA loans expert, Chris Birk, explains what loan assumption options are available to those who may be interested.
Time Stamps
0:11 - What It Means to Assume a Loan
0:24 - Some Lenders Don't Allow for Assumptions
0:58 - Release of Liability
1:31 - VA Loan Entitlement Risk
2:26 - Take Advantage of Lower Interest Rates
2:59 - Paying the Funding Fee
Watch the entire VA Loan Guide to Homebuying here: [ Ссылка ]
Learn more about loan assumptions: [ Ссылка ]
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