Finance
What is seller financing (purchase money mortgage)?
AA loan from a bank arranged by the seller
BWhen the seller acts as the lender and carries back a loan to help the buyer purchase✓ Correct
CA government-backed loan program
DA bridge loan to cover closing costs
Explanation
Seller financing (purchase money mortgage/trust deed) occurs when the seller extends credit to the buyer, acting as the lender. The buyer makes payments directly to the seller.
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