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as·sum·able ˈmort·gage N Am FIN

assumable mortgage N REAL EST

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engleski
With an assumable mortgage, the buyer will continue making mortgage payments using the 7% mortgage rate.
www.moneysense.ca
Again, popular when mortgage rates were much higher, assumable mortgages enabled buyers to skip all or some of the red tape involved with qualifying for a mortgage.
www.moneysense.ca
This is in contrast to the wide availability of assumable mortgages in the past.
en.wikipedia.org
Value is created and grows whenever the prevailing interest rate for a new mortgage loan is greater than and increasing when compared to the interest rate of the assumable mortgage.
en.wikipedia.org

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