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Nancy Said:

If I assume a mortgage will the lender change the interest rate?

We Answered:

Are you sure her loan can be assumed?

With most mortgages these days you have to qualify to assume it if it is assumable.

The lender typically has the right to change the rate to the prevailing rate now if someone else assumes that loan.

You need to talk with the lender and see what they say.

Alan Said:

What is the highest interest rate a lender can charge with a mortgage?

We Answered:

Back in September of 1981 rates were 15.38% (looked it up)
Those were the highest rates for people with good credit.
I can't find anywhere where there is a top limit on how much they can charge you in interest.
Make sure you get at least 3 quotes from 3 different banks...

Holly Said:

Can a mortgage lender change the interest rate the day before the closing?

We Answered:

you only have so many days after you sign the app to do the mortgage with the locked in rates
if you were in that timeframe I don't see how they could put the rate up