What does a traditional home loan involve?
In today’s market the qualification standards for you as the buyer are quite high, especially when it comes to your credit history. A traditional home loan will require a bank or lending company to thoroughly analyze your credit, income and assets altogether. The loan will involve title companies, lending companies, escrow, closing costs, brokers, broker fees and potentially a higher interest rate. This is why assuming a home loan is such a benefit to you.
