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Assumable Mortgages: Advantages to Buyer & Seller

July 9, 2013 6:26 pm

Recently, our good friend Pat Zaby, through his customer contact system InTouch, shared some great information on the advantages of assuming a mortgage. Mr. Zaby explained the advantages of assuming an existing mortgage versus applying for a new one: Mortgage is further into amortization schedule Lower interest rate loans amortize faster than higher interest rate [...]