With mortgage rates soaring, taking over existing mortgages is gaining steam

With mortgage rates soaring, taking over existing mortgages is gaining steam

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As mortgage rates continue their upward climb after reaching highs not seen in more than 20 years, another trend not seen in decades has reemerged: More buyers are looking to assume a seller's loan in order to avoid today's interest rates. An assumable mortgage allows homebuyers to take over a…

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