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Welcome! You Can Find Great Information on Green Bay, De Pere and Green Bay Metro Wisconsin Real Estate Right Here!
 Looking for homes? Search everything the web has to offer, right here! Don't miss my Feature Homes. Need local real estate information? I've summarized much of what is important about the De Pere and Green Bay area Real Estate Market in this site. Need expert advice? No web site, large or small, can take the place of a top Realtor. This site is filled with ways that you can contact me for one-on-one expert help and advice. That's my job. Contact me with confidence! I guarantee your privacy will be respected. And I offer the services on this site for free and without obligation. Why? I want to be YOUR Realtor. As your trusted, Professional Real Estate Agent, I will help you find the best home in your area within your price range. And together we will sell your home as quickly as possible. Buying and selling a home is one of the biggest events in your life. As a Top De Pere/Green Bay Metro Area Realtor, I have the experience and track record you are looking for. Please let me help. - Tom Monahan |
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 was the first territorial acquisition made by the U.S. Government?
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| A |
The Louisiana Purchase from France in 1803 for $15,000,000 increased U.S. national territory by 140%. |
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