What is an Assumable Mortgage?
Search     Report a Problem with this Page     Site Map     Contact us

Privacy Policy     Terms of Use/Disclosure     SignalTrend Inc.  2008 - 2013, All Rights Reserved
Assumable Mortgage:
A mortgage that may be transferred to a home buyer.

When the seller's mortgage is transferred into the buyers name, the buyer
makes the payments required by the mortgage.

The terms of the sellers mortgage determine whether the mortgage is
assumable or not.

Assumption of a sellers mortgage may save the buyer money by reducing
closing costs, the interest rate or both.