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Glossary of Mortgage Terms

Explore commonly used mortgage terms that are frequently used by AmeriSave Mortgage.
Assumable Mortgage

An assumable mortgage is a type of home loan that lets a buyer take over the seller's current mortgage, including the interest rate, remaining balance, and repayment terms. This means the buyer doesn't have to get a new loan.

Automated Valuation Model (AVM)

An automated valuation model (AVM) uses math, data about properties, and sales of similar homes to figure out how much a home is worth on the market without having to go see it in person.

Recent Articles

Bridge Loan vs. HELOC: How to Choose the Right Way to Fund Your Next Move in 2026

Bridge Loan vs. HELOC: How to Choose the Right Way to Fund Your Next Move in 2026

Why This Choice Trips Up Even Careful Home Buyers The worst advice home buyers get when they are trying to buy and sell at the same time is that a bridge loan...

Closing Costs in California: Your 2026 Home Buyer's Guide to Fees, Taxes, and What You Actually Pay

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California Jumbo Loan Limits for 2026: What Makes a Loan Jumbo, How to Qualify, and How to Decide

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