Can You Transfer a Home Loan From One Person to Another

03/06/2024 Financial & Legal Services

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Description

Yes, transferring a home loan from one person to another is possible, but it requires meeting certain conditions. The new borrower must qualify under the lender’s credit criteria and agree to the current loan terms. This process can be beneficial during property sales or when transferring the loan within families. Discover the necessary steps and eligibility requirements for a smooth transition.

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