What is an Assumable Mortgage Loan?
Different kinds of mortgages offer distinct sets of pros and cons to the prospective homebuyer. For a new homebuyer, there is one financial option you may not know exists — an assumable mortgage. Learn the ins and outs of an assumable loan so you can determine whether it is the right mortgage product for your homebuying needs.
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### Instruction: What is an Assumable Mortgage Loan?

### Response: Different kinds of mortgages offer distinct sets of pros and cons to the prospective homebuyer. For a new homebuyer, there is one financial option you may not know exists — an assumable mortgage. Learn the ins and outs of an assumable loan so you can determine whether it is the right mortgage product for your homebuying needs.