Understanding the Assumable Mortgage: Benefits and Drawbacks Explained
An assumable mortgage allows you to take over a seller’s existing mortgage, typically at a lower interest rate. This guide explains how assumable mortgages work, their benefits and drawbacks, and the steps involved. Key Takeaways Understanding Assumable Mortgages An assumable mortgage is where a buyer assumes a seller’s mortgage terms, which can be a significant […]
October 31, 2025