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2. An assumable mortgage helped me sell my house. Here’s how - AOL

   www.aol.com/finance/assumable-mortgage-helped...

   An assumable mortgage can be a major selling point for a home, especially if it has a very low interest rate. However, selling a home with an assumable loan can be a lengthy and complex process.

3. Assumable mortgage: What is it and how does it work? - AOL

   www.aol.com/finance/assumable-mortgage-does...

   Up until the 1980s, assumable mortgages were the norm. That changed in 1982 with the passage of the Garn-St. Germain Act, which allows lenders to enforce due-on-sale clauses if a property changed ...

4. This young North Dakota couple had no luck in the ‘hot ...

   www.aol.com/finance/young-north-dakota-couple...

   Assumable mortgages weren't a big selling point when mortgage rates were relatively low. However, with today's average fixed rate of 6.79%, an assumable mortgage may be much more affordable than a ...

5. Mortgage assumption - Wikipedia

   en.wikipedia.org/wiki/Mortgage_assumption

   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 2014, FHA and VA assumable mortgages make up approximately 18%, or ...

6. ‘A time machine to the low rates of the past’: Assuming ...

   www.aol.com/finance/time-machine-low-rates-past...

   While these assumable mortgages make up just a tiny slice of total homes sales, it appears that interest is growing. More than 6,000 mortgage assumptions were completed in 2023, a staggering 139% ...

7. Due-on-sale clause - Wikipedia

   en.wikipedia.org/wiki/Due-on-sale_clause

   Virtually all mortgage loans made in the United States by institutional lenders in recent years contain a due-on-sale clause. These clauses are meant to require the loan to be paid in full in the case of a sale or conveyance of interest in the subject property. This is in contrast to the wide availability of assumable mortgages in the past ...

8. Can't afford a house in 2024? Maybe try taking on the seller ...

   www.aol.com/finance/cant-afford-house-2024-maybe...

   With an assumable mortgage, you take over the existing mortgage on a home you're buying. The terms of the existing loan stay the same once you take it over, which means you're looking at the same ...

9. Want a low mortgage rate? Take someone else’s - AOL

   www.aol.com/want-low-mortgage-rate-someone...

   Ellen Harper, a software analyst in her mid-50s, closed on a Fairburn, Georgia, home with a 2.49% mortgage rate in April after first learning about assumable mortgages in the fall.