Find A Home Online Directory is one of the world's most unbiased online home resource for finding home information -- find a home, sell a home, buy a home, or lease / rent a home. Find home mortgage quotes, daily statistics, interest rates, and home mortgage calculators.

  Quick Find: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Assumption

The agreement between buyer and seller where the buyer takes over the payments on an existing mortgage from the seller. Assuming a loan can usually save the buyer money since this is an existing mortgage debt, unlike a new mortgage where closing cost and new, probably higher, market-rate interest charges will apply.