| From the internet: Assumable Loan |
http://www.iown.com/glossary/A
| Assumable mortgage
Scenario #2: Jim got an assumable loan 15 years ago for $80,000 at 6.5% interest. The loan balance today is $70,000. Karen wants | Avg rating: |
|
http://members.aol.com/ReaLawB
| ASSUME THE NON-ASSUMABLE LOAN
If you want to provide seller financing or assume the non assumable loan, avoid appraisal and credit problems, the Contract for Deed is your answer. . | | Avg rating: |
|
http://www.homebanc.com/Glossa
| Glossary
The method of transferring a right or contract, such as the terms of a loan, from one person to another. assumable loan. See assumable loan. assumption claus | | Avg rating: |
|
http://www.citimortgage.com/gl
| Assumable mortgage
Scenario #2: Jim got an assumable loan 15 years ago for $80,000 at 6.5% interest. The loan balance today is $70,000. Karen wants | | Avg rating: |
|
http://www.askjohnlscott.com/c
| Ask John L. Scott - Glossary
handy. You may be able to offer the buyer your assumable loan at a lower interest rate than the current going interest rate. Most | | Avg rating: |
|
