Can I transfer my mortgage to another person in Alaska?

@yasmin.eichmann 

In general, transferring a mortgage to another person is possible through a process called "assumption of mortgage." However, the specific rules and regulations regarding mortgage transfers can vary depending on the terms of your mortgage agreement and the laws of the state in which the property is located.

Alaska follows a lien theory, which means that the mortgage serves as a lien on the property rather than a transfer of title. This makes it easier to transfer a mortgage in Alaska compared to states that follow a title theory. However, it is crucial to review the terms of your mortgage contract and consult with your mortgage lender or an attorney to understand any restrictions or conditions involved in transferring your mortgage in Alaska.

@yasmin.eichmann 

It is recommended that you contact your mortgage lender to inquire about the possibility of transferring your mortgage to another person. They will be able to provide you with more information on the process and any requirements that may need to be met in Alaska.