... your cash. You can also take advan-tage of favorable interest rates because an owner-occupied loan islikely to have a lower interest rate than if you originated an investor loan. You can also ... types of loans are known as “qualifying assumables.” Assumingthese loans generally require the same credit and qualification as a new loan, but you avoid the fees associated with a new loan. In addi-tion, ... $70,000 loan. Assumable Mortgages Some mortgages are assumable, that is, they can be taken over by a new borrower. Many people are familiar with the concept of anassumable mortgage, but few really...