Question by Rebecca: Does anyone know about assumable mortgages? I see so many ads on craigslist that say you can take over someones mortgage, save the seller for no money down you just have to bring the mortgage current and they will transfer deed to your name and loan will stay in original owners name. [...]

Question by premnath a: How could one know if his or her mortgage is assumable? Does it mean if mortgage is paid in full you do not get penalised? Best answer: Answer by leonardhomes@sbcglobal.netIts on your loan papers Give your answer to this question below!