Seller's Mortgage

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January 1, 1 6 min read Definitions
Mortgage Assumption
Mortgage Assumption Assumption of Mortgage Real Estate Homebuyer Seller's Mortgage Interest Rates Mortgage Transfer
Mortgage assumption is the process by which a homebuyer takes over the seller's existing mortgage, continuing to make payments under the original terms. This can potentially offer favorable interest rates and terms compared to current market rates.
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