Can We Transfer Home Loan From One Person to Another?

May 25, 2024 ⚊ 1 Min read ⚊ Views 27 ⚊ BLOG

Transferring a home loan from one individual to another, often called a loan transfer or assumption, is feasible but subject to specific conditions. The new borrower must qualify based on creditworthiness and agree to the original loan terms. This can be particularly useful during property sales or within families. Learn the steps and requirements for a successful home loan transfer.

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Tags: home loan, Home Loan Transfer