Should I assume my mother's mortgage or buy her house?

Debt, Real Estate
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November 2017
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Whatever you do, it would be a good idea to take a look at refinancing because 30 mortgage rates today are a little over 4% and 15-year mortgage rates are even lower than that.  Probably the easiest way would be if she sold you the home and you took out a new mortgage.  If you talk to a mortgage person then they could help you take a look at what the payment would be if you were to buy the house from your mother.  Some areas even have great first time home buyers incentives that you might be able to take advantage of if you are a first-time homebuyer, although many of the incentives have been going away as the housing market continues to strengthen. 

November 2017