Which of These Is Not an Advantage Associated with an Assumable

question 65

Multiple Choice

Which of these is not an advantage associated with an assumable loan?

• A)The new buyer does not incur the closing costs of a new loan.
• B)The new buyer may be able to get a lower interest rate than the current market rate.
• C)It is easier for the seller to sell the home.
• D)The new buyer does not have to qualify for the loan.

---

Definitions:

Actions

Specific steps or measures taken to achieve a particular goal or objective.

Grain Consumption

The amount of grains eaten by individuals or populations, important for dietary assessments and agricultural policies.

Farmed Animal

pertains to domesticated animals raised in agricultural settings to produce commodities such as meat, dairy, and wool.

Commercial Fishery

The business or industry of catching, processing, and selling fish and seafood for profit.