What Is an Assumable Mortgage?

Benzinga

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An assumable mortgage allows a homebuyer to take over the current mortgage and its terms when acquiring a property, potentially avoiding a new mortgage or securing better interest rates, though not all mortgages are eligible for this option. In a world where average mortgage interest rates over 7% have become the norm, assumable mortgages are … Continued

The post What Is an Assumable Mortgage? by Alison Plaut appeared first on Benzinga. Visit Benzinga to get more great content like this.

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