Andrew Thomas
Andrew Thomas
Associate Broker
(303) 503-0058 cell
Metro Brokers at Evergreen, Inc
3540 Evergreen Parkway
Evergreen, CO 80439
(303) 674-0212 office
e-mail:abthomas18@aol.com
Honest and Reliable real estate services
Serving buyers and sellers in the Greater Denver
and Foothills communities.
Real Estate Glossary

  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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