BNET Business Dictionary

Business Definition for: Assumable Mortgage

a mortgage that the buyer of a property can take over from the seller

Additional Resources

Assumable Mortgages Coming Back in Vogue: Peer intoÂ my real estate crystal ball and you'll see that down the line, assumable mortgages are going to be red hot. As one of my Facebook friends said in response to my post Should You Refinance? The Rules of Thumb Have Changed: I recommend getting an assumable loan. This...; Tags: Loan, Mortgages, Finance, Capital Structures, Ilyce Glink; Blog posts 2009-05-01
Jack Houlihan, of Houlihan-Parnes Realtors, LLC: Jack Houlihan, of Houlihan-Parnes Realtors, LLC, has arranged a $6.9 million first mortgage on a 44,000 SF Linens & Things retail store in New Rochelle, N.Y. This first leasehold mortgage, which equals approximately 75% of the property's value, was fixed at 7.83% for a ten-year term, with a 25-year...; Tags: Houlihan-Parnes Realtors; Research articles 2001-06-27
Houlihan-Parnes Realtors, LLC: Jack Houlihan of Houlihan-Parnes Realtors, LLC has arranged a $2.4 million first mortgage on a 40,000 square-foot, nine-story office building on West 13th Street in the Flatiron District of Manhattan. The interest rate was fixed at 6.8 percent for the entire 10-year term and payments will be based upon a...; Tags: Houlihan-Parnes Realtors; Research articles 1999-10-13
Houlihan Parnes Realtors: Jack Houlihan of Houlihan Parnes Realtors has arranged a $4,700,000 first mortgage on a 94,000 sf warehouse distribution facility leased to the Graebel Moving Companies in the Canfield Business Park in Randolph Twp., N.J. The interest rate was fixed at 8.03% for a 10-year-term and amortization payments will be based...; Tags: Houlihan-Parnes Realtors; Research articles 2000-07-26

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