Finance
An assumable mortgage in Minnesota allows:
AThe lender to change the interest rate at any time
BA new buyer to take over the seller's existing mortgage with lender approval✓ Correct
CThe seller to retain the mortgage after the sale
DThe buyer to skip the first 6 months of payments
Explanation
An assumable mortgage allows a qualified buyer to take over the seller's existing loan, typically at the original interest rate and terms, subject to lender qualification and approval.
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