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  2. Assumable mortgage: What is it and how does it work? - AOL

    www.aol.com/finance/assumable-mortgage-does...

    An assumable mortgage allows a buyer to assume the rate, repayment period, current principal balance and other terms of the seller’s existing mortgage rather than get a brand-new loan. The ...

  3. An assumable mortgage helped me sell my house. Here’s how - AOL

    www.aol.com/finance/assumable-mortgage-helped...

    An assumable mortgage means that the homebuyer can take over (or “assume”) your loan, at its existing rate and terms, instead of getting a brand-new one on their own. It’s complicated, but ...

  4. Mortgage assumption - Wikipedia

    en.wikipedia.org/wiki/Mortgage_assumption

    Mortgage assumption. Mortgage assumption is the conveyance of the terms and balance of an existing mortgage to the purchaser of a financed property, commonly requiring that the assuming party is qualified under lender or guarantor guidelines. [ 1] All mortgages are potentially assumable, though lenders may attempt to prevent the assumption of a ...

  5. VA loan benefits and disadvantages - AOL

    www.aol.com/finance/va-loan-pros-cons-180505984.html

    Assumable for veterans and civilians. VA loans are assumable, meaning that if you’re selling the home, your buyer can take over the mortgage instead of obtaining one of their own, even if they ...

  6. VA loan - Wikipedia

    en.wikipedia.org/wiki/VA_loan

    A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and ...

  7. Mortgage Assumption Value - Wikipedia

    en.wikipedia.org/wiki/Mortgage_Assumption_Value

    Mortgage Assumption Value. The mortgage assumption value ( MAV) is the cash equivalent, at the current point in time, of all future savings that could be achieved by assuming an existing low-interest-rate home mortgage loan rather than taking out a new higher interest rate loan and accounting for the time value of money. [1]

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