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. |