Becky asked:


We currently have a home loan on our house, but we just sold. We just recently got an excellent locked-in rate that we hate to give up but we have to move. We found a house and want to put in an offer today. Thing is, with the previous ARM loans we had, we almost got foreclosed on (we pushed on through and never did) and now our credit is not as great as it once was. In a perfect world, we could just use our same mortgage company and they could just “transfer” our loan from one house to the other. In reality, can this happen? Or can something similar happen? My husband was reading about loans, but the brokers use all these words that make no sense to real people and he doesn’t want to get screwed in the end. Anyone know the best way to go in this situation? Any advice at all is much appreciated! Oh, and a loan on the house we want would be a bit lower than our current loan, if that helps.

CODY