Buy My Mortgage Apr 2026

: Most conventional loans have a "due-on-sale" clause , meaning the full balance must be paid if you sell or transfer the home.

: Lenders may allow transfers even with a due-on-sale clause for specific life events like death , divorce , or moving the home into a living trust . Selling a Mortgage Note for Cash buy my mortgage

This is known as a or assumption . In this scenario, the new owner takes on your original interest rate, monthly payments, and remaining balance. : Most conventional loans have a "due-on-sale" clause

: Government-backed loans like FHA , VA , and USDA are typically assumable. For example, a buyer might assume a 3% interest rate from an older loan rather than taking out a new one at current market rates. buy my mortgage