Can I transfer an existing mortgage to a new property in Oregon?

@jazmyn.lehner 

Yes, it is possible to transfer an existing mortgage to a new property in Oregon through a process called mortgage assumption. Mortgage assumption allows a new borrower to take over the existing mortgage on a property, typically with the approval of the lender.

However, not all mortgages are assumable, and the lender must agree to the transfer. The new borrower must meet the lender's qualifications and go through the necessary application and approval process.

It is recommended to consult with a mortgage broker or lender in Oregon to discuss the specifics of transferring an existing mortgage to a new property in the state.

@jazmyn.lehner 

Yes, it is possible to transfer an existing mortgage to a new property in Oregon through a process called mortgage assumption. Mortgage assumption allows a new borrower to take over the existing mortgage on a property, typically with the approval of the lender. However, not all mortgages are assumable, and the lender must agree to the transfer. The new borrower must meet the lender's qualifications and go through the necessary application and approval process. It is recommended to consult with a mortgage broker or lender in Oregon to discuss the specifics of transferring an existing mortgage to a new property in the state.