An assumable mortgage is a workaround that can help some homebuyers struggling to purchase a home in the rough housing market. But it comes with risks.
Mandatory Credit:	David Paul Morris/Bloomberg/Getty Images via CNN Newsource

An assumable mortgage is a workaround that can help some homebuyers struggling to purchase a home in the rough housing market. But it comes with risks.
Mandatory Credit: David Paul Morris/Bloomberg/Getty Images via CNN Newsource

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Want a low mortgage rate? Take someone else’s

For homebuyers struggling to afford a home amid stubbornly high mortgage rates and surging prices, there’s a little-known workaround that can help turn back the clock to the days of ultra-low monthly mortgage payments. But it comes with a few caveats.