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.

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