Finance
A Texas mortgage with a due-on-sale clause means:
AThe loan automatically transfers to the new buyer
BThe entire loan balance becomes due and payable when the property is sold or transferred✓ Correct
CThe lender can raise the interest rate upon sale
DThe seller must pay off the mortgage at a discounted price
Explanation
A due-on-sale (acceleration) clause requires the full loan balance to be paid when the property is sold or transferred without the lender's consent. Most conventional mortgages contain this clause, preventing assumption without lender approval.
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