Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Assumption Assumption November 9, 2021 The transfer of the seller’s existing mortgage to the buyer. See assumable mortgage.You Might Also Like: Everyday MoneyBank Holidays: Understanding Their Impact on Deposits and Transactions Living QuartersMortgage Lending for Veterans at Bank Five Nine All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Living QuartersUnderstanding Mortgage Interest Rates
