Assumable Mortgages in Cobb County, GA: How They Actually Work

Somewhere in Kennesaw or Marietta right now, a house is listed with a loan attached to it at 3.25%, while new buyers are quoted well over 7%. That loan doesn't have to disappear at closing. Assuming it instead of financing new can save you hundreds a month, but the process has real qualifying hurdles and an upfront cost most buyers don't see coming.