I was discussing mortgage assumption with a friend, (a term I hadn’t heard of before), and was told that if I am seriously ready to look at a first home that I should take over someone’s mortgage rather than begin one of my one, as I would not have to pay any kind of a [...]

So I have been looking at this condo but instead of purchasing it is listed as an assumption of the mortgage. I’ve been trying to do some research but It’s all a little too technical and I’m not one hundred percent sure exactly how this is going to work. But from what I understand we [...]