Is an Assumable Mortgage the Right Financial Move for You?

These increasingly popular mortgages could save you big bucks.
Is an Assumable Mortgage the Right Financial Move for You?
Vitalii Vodolazskyi/Shutterstock
Anne Johnson
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If you’re in the market for a house, you may feel helpless in the face of steep housing prices and high interest rates. There’s one trick, however, that could save you potentially hundreds of thousands of dollars over the life of a home loan.

That trick is an assumable mortgage.

Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.