Assumption clause

The part of a loan contract that says a buyer can take over an existing mortgage

See Also:	Assumable mortgage

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- A -

Acceleration clause

Acceptable debt

Acceptance

Acre

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Assumable mortgage

Assumption

Assumption clause

Assumption fee

- B -

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Bankruptcy

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Blanket insurance policy

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Bond

Breach of contract

Bridge loan

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- C -

Cap

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- D -

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- E -

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Effective age

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Executor

- F -

Fair market value

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Fixture

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- G -

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- H -

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HUD-1

- I -

Impound account

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- J -

Joint tenancy

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- K -

- L -

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- M -

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- N -

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- O -

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- P -

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Private lender

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Public auction

- Q -

Qualifying ratios

Quitclaim deed

- R -

Rate lock

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Rebate point

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Refinance

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Residential loan application form (1003)

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- S -

Sale-leaseback

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Super jumbo loan

- T -

Take-out loan

Teaser rate

Tenancy in common

Title

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Title (insurance) company

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Trailing spouse income

Transfer of ownership

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Trustee's sale

- U -

Underwriting

Unsecured loan

- V -

VA loan

Value

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- W -

- XYZ -

Zoning ordinance

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Assumption clause

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