An assumable mortgage is a loan that can be transferred from the seller to the buyer. The buyer keeps the rate in terms of the original loan.

When the interest rate of your current mortgage is below the market rate for a new loan, a home buyer could save thousands of dollars by taking over or “assuming” your existing loan. This unique feature could give you a competitive edge against other homes on the market.

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It’s smart to know all your options upfront. One benefit of being a Lakeview customer is our full-service approach to helping each customer navigate the mortgage marketplace. Our mission is to be your trusted lender of choice for all future mortgage transactions. Contact a Lakeview Mortgage Loan Originator for a free, no-obligation consultation.