Finance
A Wisconsin assumable mortgage allows:
AThe lender to increase the interest rate when the property sells
BA buyer to take over the seller's existing mortgage with the lender's approval✓ Correct
CThe seller to retain the mortgage after selling the property
DAny buyer to assume any mortgage without lender approval
Explanation
An assumable mortgage allows a qualified buyer to take over the seller's existing mortgage terms (subject to lender qualification and approval), potentially benefiting from below-market rates.
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