Can my mortgage be transferred to another person?
Transferring a mortgage to another person, often referred to as a mortgage assumption, is possible but not always straightforward.
Can my mortgage be transferred to another lender after closing?
Yes, your mortgage can be transferred to another lender after closing through a mortgage servicing transfer. This doesn't change your loan terms but shifts the company managing your payments.
Can I remove escrow from my mortgage?
Yes, but the process to remove it will depend upon your mortgage servicer. Mortgage servicers might require you to have a certain loan to value or on-time payment history.
What is non-traditional credit?
Nontraditional credit refers to credit information that is not typically included in a traditional credit report from major credit bureaus.
Can I apply for a new credit card even though I am under contract to purchase a house?
Yes, but I would highly recommend against it.