Finance
An assumable mortgage in Oklahoma allows:
AA lender to call the loan due upon sale of the property
BA buyer to take over the seller's existing mortgage under its original terms✓ Correct
CThe interest rate to be assumed from a national index
DThe borrower to skip payments during hardship
Explanation
An assumable mortgage allows a buyer to take over the seller's existing loan balance, interest rate, and terms. FHA and VA loans are generally assumable; most conventional loans have due-on-sale clauses that prevent assumption.
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