Dark Matter Technologies jumped head-first into the assumable mortgage space with a new feature in its Empower loan origination system. The Loan Assumptions feature makes Empower the first mortgage loan origination system to natively support these types of transactions. “After successfully piloting our loan assumption capability with a select group of early adopters, we’re incredibly…
By ERIN FLYNN JAY Buyers who are sensitive to high mortgage rates have developed an interest in assumable mortgages, betting they are the ticket to avoiding excessive costs, but are they worth the hype? An assumable mortgage lets a homebuyer take over the seller’s existing mortgage, including its terms and interest rate. It’s like adopting a…
Carrington Mortgage Services, a private non-bank lender, is adding assumable mortgages to its list of services. Assumable mortgages allow buyers to assume responsibility for a seller’s loan terms. This includes the current balance, interest rate, remaining term, and any other terms of the mortgage. “Carrington is committed to ensuring borrowers have every possible opportunity to…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!