The part of a loan contract that says a buyer can take over an existing mortgage.
See: Assumable mortgage
Mortgage definitions and Real Estate Terms, Consolidating loans, refinancing mortgages and reverse mortgage process available to anyone. This consumer information site contains several tools and guides to aid in purchasing or refinancing a home or commercial property.
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Showing posts with label existing mortgage. Show all posts
Showing posts with label existing mortgage. Show all posts
Friday, April 14, 2006
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