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Buyers, we can help you identify your most important issues and then find the right house. In today's residential market the most desirable houses often sell within days! In order to be successful you must be focused on your needs and be organized and ready to act very quickly. My team and I constantly check the available inventory for our clients so that you won't miss the perfect house. Although we're great believers in the Internet, it's important to understand that the desirable houses in the Washington DC market are often sold before they appear in the national listing databases. Ask us any question about buying a home in Washington D.C., NW Washington DC, and Chevy Chase, DC. It's our job to help you! 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 country of the world has the highest percentage of private housing?
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| A |
Mongolia, where 100% of all properties are owner-occupied. |
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- NUMBER1EXPERT™ 
