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Hello and welcome back to our Freebie Friday video. Sade here. Todays topic is going to be about how to assume a mortgage. The most direct way to assume a mortgage would be to get an approval from the lender and then go ahead and take over the loan and step into the shoes of the original borrower. However, since about 2005, most of the lenders do not allow their loans - the mortgage loans, to be assumable and they will only allow assumptions under very strict conditions. Typically only to nuclear family members. So immediate family members like the spouse or the children. And so, most of the time you will not be able to get permission to assume a mortgage because assumption essentially is saying that you dont necessarily need to be qualified on your own for the loan. Youre stepping in and taking over the mortgage payments. So most of the time when people want to do the assumption its because they cannot qualify to be able to buy that property outright because their credit is not ye