Definitions
Century Dictionary and Cyclopedia
- Capable of being assumed or taken for granted.
Wiktionary
- adj. Of or pertaining to assumption.
GNU Webster's 1913
- adj. That may be assumed.
Examples
“What is the probability that you will find an inexpensive home that you can buy for sixty cents on the dollar with nothing down that has a low-interest-rate, long-term assumable loan?”
“The deal also included $11 million in long-term assumable financing, clearing another hurdle during the ongoing credit crisis.”
“When interest rates rise, these homeowners will get blown out of their homes, and when that happens, their low fixed rate mortgage will disappear (remember, fixed rate loans are not assumable!) and lenders will be happy to lend it out again at a much higher rate.”
Housing Bubble, Again, Arnold Kling | EconLog | Library of Economics and Liberty
“Now, back in the day, 20 years ago, assumable loans were quite common.”
“You can get a private placement of an assumable loan.”
“There is a little loophole you can use financially to overcome some of these restrictions, and that is to refinance with an assumable loan.”
“So, if Gondor is a much greater realm, then the analogy should still apply and the kingship should be assumable after the passage of 10000 years.”
“FHA and VA mortgages, which have always been assumable by a borrower who could qualify, may become assumable for buyers who can't, since there's almost no one left in the country who can qualify for a mortgage under the current standards.”
“And has been since the 80's Keating disaster, the actual beginning of the end of fixed rate and assumable loans and true home ownership in this country in pursuit of the American dream.”
“And was even assumable for any new buyer that qualified upon sale.”
Home Foreclosures On The Rise: Nevada, Arizona, California Top Lists
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