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Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

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Assumable Mortgage

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Assumable Mortgage

Some mortgages will allow another buyer to assume the mortgage of the original borrower. There are normally certain restrictions as to the credit status of the borrower assuming the mortgage.

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