Assumable mortgage
What is Assumable mortgage?
Refers to a mortgage that can be taken over or "assumed" by a third-party. Some assumable mortgages have a fee known as an assumption fee required before the mortgage can be assumed.
Refers to a mortgage that can be taken over or "assumed" by a third-party. Some assumable mortgages have a fee known as an assumption fee required before the mortgage can be assumed.
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