Finance
A Wisconsin 'purchase money mortgage' is one in which:
AThe buyer pays cash and no mortgage is involved
BThe seller provides financing to the buyer as part of the purchase✓ Correct
COnly government-backed loans are used
DThe lender charges a premium for the loan
Explanation
A purchase money mortgage is financing provided by the seller directly to the buyer to facilitate the sale of the property, rather than through a third-party lender.
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