A mortgage that can be taken over ("assumed") by the buyer when a home is sold.
A provision in an assumable mortgage allows a buyer to assume responsibility for the mortgage from the seller. The loan does not need to be paid in full by the original borrower upon the sale or transfer of the property.
Texas Hill Country Real Estate. Lake LBJ Homes for Sale. Horseshoe Bay Realtor Keith Adams RE/MAX Horseshoe Bay Resort P.O. Box 8886 Horseshoe Bay, TX. 78657
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