Understanding Home Loan Transfers: A Guide

May 25, 2024 1 Min read Views 24 BLOG

Transferring a home loan from one person to another, referred to as a loan transfer or assumption, can be done if certain criteria are met. The new borrower needs to pass the lender’s credit checks and agree to the current loan terms. This option is beneficial for scenarios like property sales or family transactions. Find out the steps and conditions necessary for a successful home loan transfer.

Tags: home loan, Home Loan Transfer

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