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Assumption Agreement of Mortgage and Release of Original Mortgagors Vermont Form

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Assumption Agreement of Mortgage and Release of Original Mortgagors Vermont Form

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term of the day is assumable mortgage so an assumable mortgage is a type of loan that allows a new borrower to assume the existing mortgage terms and the obligations of the original borrower so for for example if they have a 4 and a half% interest and uh it's a 10-year loan and they and they five years into it you can go in and assume that loan at that same exact interest rate for the remainder so for the remaining five years

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