As applied to mortgage loans,' assumable' means that a borrower who sells his or her home may transfer the outstanding mortgage loan secured by that dwelling to the new buyers. The new buyers are said to assume the loan.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). assumable. Retrieved September 24, 2026, from http://smartdefine.org/assumable/definitions/1147969 |
| Chicago | Barry Goldsmith. 2010. "assumable" http://smartdefine.org/assumable/definitions/1147969 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, assumable, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/assumable/definitions/1147969>. |
| MLA | Barry Goldsmith. "assumable" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/assumable/definitions/1147969> |