assumable mortgage
Definition
Use assumable mortgage in a sentence
“ If you are going to try and get a new home or work place you may want to try and get an assumable mortgage. ”
“ In their mortgage statement it did mention the terms that would need to be met in order for there to be an assumable mortgage situation. ”
“ There is a house for sale by owner in Sandy and Bob's neighborhood and they planned to purchase the home, if it had an assumable mortgage, but the bank that held the mortgage would not allow Sandy and Bob the same interest rates and agreement. ”