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单词 assumable mortgage
释义

assumable mortgage

Definition
Loan agreement that does not have the alienation clause or the due-on-sale clause commonly included in such agreements. Assumable mortgage may be transferred to (can be assumed by) a new borrower on the same terms and rates as the original mortgage, upon payment of assumption fee. Also called assumable loan.
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更新时间:2025/2/2 15:18:47