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What does assumable mean?

Looking for the meaning or definition of the word assumable? Here's what it means.

Adjective
  1. Capable of being assumed, or taken to be true.
  2. Capable of being assumed, or taken on.
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Examples
This assumable mortgage option works in your favour when selling your home and if your mortgage's interest rate is lower than what is currently being offered.
Assumability is attractive if interest rates are higher when you sell than when you bought because an assumable mortgage then increases the value of your home.
A helpful government policy would be, for a small premium, to make loans assumable, thus allowing a future seller to pass on low rates, and thus maybe avoid a collapse.
During periods when interest rates are rising, homes offered for sale with an assumable, lower-rate mortgage may have extra appeal for certain buyers.
It's assumable that Uma, now expecting by Ethan Hawke, would bring him if she were nominated this year, for example.
If they considered that the risk was not existent or it was assumable, they would keep on using them.

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