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Assumable Mortgage An assumable mortgage is one that can be transferred from the current owner to a buyer once the home is sold. Assuming a mortgage allows a buyer to avoid having to pay the normal fees associated with obtaining one’s own mortgage. 
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Assumable Mortgage An assumable mortgage is one that can be transferred from the current owner to a buyer once the home is sold. Assuming a mortgage allows a buyer to avoid having to pay the normal fees associated with obtaining one’s own mortgage.
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