Mortgage assumption
id:
mortgage-assumption-281-6524572
title:
Mortgage assumption
text:
Mortgage assumption is the conveyance of the terms and balance of an existing mortgage to the purchaser of a financed property, commonly requiring that the assuming party is qualified under lender or guarantor guidelines. All mortgages are potentially assumable, though lenders may attempt to prevent the assumption of a mortgage loan with a due-on-sale clause. Certain mortgage types are irrefutably assumable, such as those insured by the FHA, guaranteed by the VA, or guaranteed by the USDA. As of
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Mortgage_assumption
date created:
date modified:
2023-09-14T20:37:50Z
main entity:
{"identifier":"Q4810328","url":"https://www.wikidata.org/entity/Q4810328"}
image:
fields total:
13
integrity:
13