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Assumable Mortgage 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.
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ERA Key Realty
7222 W. Andrew Johnson Hwy.
Talbott, TN 37877
(423) 586-0077 Office
(423) 586-6667 Fax
(800) 303-0799 Toll Free
E-Mail info@ERAKeyRealtyTN.com
Each ERA office is independently owned and operated. License #258110 All information is deemed reliable but not guaranteed. Listings viewed on the site may not belong to ERA Key Realty, but other members of the Lakeway Area Association of Realtors.
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