This hack is known as an assumable mortgage, and it's gaining renewed attention at a time when homes may feel harder than ...

Considering that mortgage rates are above 6%, taking over someone else’s lower-rate loan can be a great way to save money on interest. Assumable mortgages are the mechanism that allows you to do this: ...

When you assume a mortgage from a home seller, you become responsible for that loan at its existing interest rate and terms. The seller signs the balance over to you, while you compensate them for the ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

ST. LOUIS (KTVI) – The current housing market is a mixed bag. From home prices to inventory, potential buyers and sellers are wondering where they stand, and mortgage rates are fueling a lot of ...

Assumable mortgages allow homebuyers to take over a seller’s home loan — and importantly, keep the loan’s original mortgage rate. Mortgage assumption can help buyers save money while interest rates ...

Dana George has a BA in Management and Organization Development from Spring Arbor University. For more than 25 years, she has written and reported on business and finance, and she's still passionate ...