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Assumable Mortgage

When a mortgage is taken over by a buyer at the time when a home is sold.
Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser
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Popular Terms

Statutory Lien
Excess Insurance
Consolidate
Economy of Scale
Group of 15 (G-15)
Reconciliation
Nominee Shareholding
Futures Contract
Fidelity Bond
Derivative Contract
Hedge
Settlement
Account Aggregation
1035 Exchange
Repurchase Agreement
Timing Option
Additional Principle Payment
Discretionary Cost
Adjusted Basis Value
Bank Run
Amortizing Mortgage
Graduated Payment
Second Lien Debt
Undistributed Profits
Convertible Bond