Latest / The Assumable Guy Show
Who Makes the Mortgage Payment While the Assumption Is Processing?
The seller does, every single payment, until the day it closes. Ryan gives that answer upfront and then explains exactly why missing even one of those payments can kill the entire deal. The servicer is reviewing the payment history on the loan they are transferring, and a 30-day late stops the whole process cold. He has watched sellers turn off autopay because the house feels sold already, and then watched the assumption die over a payment they could have made. Keep paying. On the money side, those payments are not donations. Ryan breaks down where the cash actually goes on a $420,000 loan at…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.