Finance
A Wisconsin mortgage with a due-on-sale clause means:
AThe mortgage must be paid before the property can be listed for sale
BThe full loan balance becomes due and payable when the property is sold or transferred✓ Correct
CThe buyer must assume the existing loan upon purchase
DThe mortgage rate increases automatically when the property sells
Explanation
A due-on-sale (acceleration) clause requires the borrower to pay off the loan in full when the property is sold or transferred, preventing assumption without lender approval.
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