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Glossary of Terms > A > ASSUMABLE MORTGAGE

ASSUMABLE MORTGAGE

A mortgage that can be assumed by the buyer when a home is sold. Usually, the borrower must "qualify" in order to assume the loan.

A Terms

ACCELERATION CLAUSE

ADJUSTABLE-RATE MORTGAGE (ARM)

ALT-A MORTGAGE

AMORTIZATION

ANNUAL PERCENTAGE RATE (APR)

APPLICATION

APPRAISAL

APPRAISER

APPRECIATION

ASKING PRICE

ASSESSMENT

ASSETS

ASSIGNMENT

ASSUMABLE MORTGAGE

ASSUMPTION