Finance
A South Carolina 'assumable mortgage' allows:
AThe seller to take the buyer's mortgage
BThe buyer to take over the seller's existing mortgage✓ Correct
CThe lender to transfer the loan to another lender
DThe borrower to skip payments during hardship
Explanation
An assumable mortgage allows a buyer to take over the seller's existing mortgage, including its interest rate and remaining balance. FHA and VA loans are typically assumable with lender approval.
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