Is it possible to “swap” houses of comparable value with another party and retain your existing mortgage loan?
Monday, January 19th, 2009
WSPJ asked:
We would like to swap houses with another couple. The houses are of comparable value. In doing so, we would like to each keep our existing mortgage loans in place and just continue to make the same monthly payments as before. Is this possible? If so, how is this accomplished paperwork-wise?
Helen
We would like to swap houses with another couple. The houses are of comparable value. In doing so, we would like to each keep our existing mortgage loans in place and just continue to make the same monthly payments as before. Is this possible? If so, how is this accomplished paperwork-wise?
Helen