Seth Wallace
Seth Wallace
360-556-3326
Associate Broker
Van Dorm Realty Inc.
Olympia Wa Real Estate
Olympia Homes For Sale, Olympia Real Estate For Sale
Homes and Real Estate Olympia Washington
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  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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