Platinum Top 50
Platinum Top 50
REALTORS
San Antonio Area
Doris Young & C0., REALTORS
In Old Town Helotes

Real Estate Glossary

  Assumable Mortgage

A mortgage that can be taken over ("assumed") by the buyer when a home is sold.

A provision in an assumable mortgage allows a buyer to assume responsibility for the mortgage from the seller. The loan does not need to be paid in full by the original borrower upon the sale or transfer of the property.

 

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