Finance
A NH homeowner's mortgage has a due-on-sale clause. When the property is sold:
AThe new buyer may assume the mortgage at the original rate
BThe full loan balance becomes immediately due and payable upon transfer of title✓ Correct
CThe lender must accept a new buyer's assumption if they qualify
DThe clause is only enforceable in commercial mortgages
Explanation
A due-on-sale (alienation) clause requires the full mortgage balance to be paid upon sale or transfer of the property. It prevents buyers from assuming existing mortgages without the lender's consent.
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