|
Assumable Mortgage
Homes sold with assumable mortgages let buyers take over the terms of the loan along with the house being sold.
Assumable loans may be fully or nonqualifying assumable, meaning buyers take over the loan without being qualified or otherwise evaluated by the original lender.
Qualifying assumable loans mean that although buyers may assume terms of the existing note, they must qualify all over again as if they were applying for a brand-new loan.
Financial terms alphabetically:
| #
| A
| B
| C
| D
| E
| F
| G
| H
| I
| J
| K
| L
| M
| N
| O
| P
| Q
| R
| S
| T
| U
| V
| W
| X
| Y
| Z
|