When a property is being sold on an assumption of the existing loan, complications with the transfer of some mortgage loans can be:

When a property is being sold on an assumption of the existing loan, complications with the transfer of some mortgage loans can be:

• A. The purchaser may have to qualify with the lender as if it were a new loan
• B. The purchaser may have to pay a higher rate of interest
• C. The loan may be nonassumable and due in full if the seller transfers ownership
• D. All of the above

Answer: (D)