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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; closing costs are avoided and borrower does not have to be qualified for loan by a lender.

A Terms

A-Credit

Acceleration Clause

Accrued Interest

Adjustable-Rate Mortgage

Affordable Housing

Agreement of Sale

Alt-A

Alt-A Mortgage

Amortization

Amortization Schedule

Application

Appraisal

Appraiser

Appreciation

APR

Asking Price

Assessment

Assumable Mortgage

Assumption