as·sum·able ˈmort·gage ΟΥΣ αμερικ ΧΡΗΜΑΤΟΠ
I. mort·gage [ˈmɔ:gɪʤ, αμερικ ˈmɔ:r-] ΟΥΣ ΕΜΠΌΡ, ΝΟΜ
1. mortgage (conveyance of property):
2. mortgage (deed):
3. mortgage (rights involved):
4. mortgage (amount):
II. mort·gage [ˈmɔ:gɪʤ, αμερικ ˈmɔ:r-] ΟΥΣ modifier ΕΜΠΌΡ, ΝΟΜ
assumable mortgage ΟΥΣ ΑΚΊΝ
mortgage ΟΥΣ ΕΠΈΝΔ-ΧΡΗΜ
| I | mortgage |
|---|---|
| you | mortgage |
| he/she/it | mortgages |
| we | mortgage |
| you | mortgage |
| they | mortgage |
| I | mortgaged |
|---|---|
| you | mortgaged |
| he/she/it | mortgaged |
| we | mortgaged |
| you | mortgaged |
| they | mortgaged |
| I | have | mortgaged |
|---|---|---|
| you | have | mortgaged |
| he/she/it | has | mortgaged |
| we | have | mortgaged |
| you | have | mortgaged |
| they | have | mortgaged |
| I | had | mortgaged |
|---|---|---|
| you | had | mortgaged |
| he/she/it | had | mortgaged |
| we | had | mortgaged |
| you | had | mortgaged |
| they | had | mortgaged |
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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 She already had a mortgage on her own home.
en.wikipedia.org