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What is an Assumable Mortgage?

An assumable mortgage is a type of home loan that allows the buyer to take over the existing mortgage terms from the seller. This means the buyer assumes the remaining balance, interest rate, and monthly payments of the seller's existing mortgage.


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white house with brown tile roof
white house with brown tile roof

3 commentaires


This article explains the assumable mortgage market very well with clear insights on trends and price factors. A great quick read for anyone interested in assumable mortgage.

Home Selling Agent in Broken Arrow OK

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