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:

Attitude

A learned predisposition to respond in a consistently favorable or unfavorable manner with respect to a given object, person, or issue.

External Attributions

The process of explaining someone's behavior by referring to situational factors, rather than personal characteristics.

Situational Factors

External elements or circumstances that can influence an individual's behavior or the outcome of a decision or event.

Contrast Effect

An effect that takes place when people rank something higher or lower than they should as a result of exposure to recent events or situations.