Assumable Mortgages: What to Know Before Taking Over a Home Loan
Redfin
JANUARY 28, 2025
When it comes to buying a home, most buyers are familiar with securing a brand-new mortgage. Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. But what about stepping into someone elses shoes?
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