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Glossary of Terms > A > ASSUMPTION

ASSUMPTION

The term applied when a buyer assumes the seller’s mortgage.

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