which of the following conditions indicates that a loan assumption is least advisable? An existing loan with a high loan-to-value ratio An existing loan with a due on sale clause A buyer who can make a 10% down payment Is scarcity of mortgage money

which of the following conditions indicates that a loan assumption is least advisable? An existing loan with a high loan-to-value ratio An existing loan with a due on sale clause A buyer who can make a 10% down payment Is scarcity of mortgage money

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter7: Credit Cards And Consumer Loans

Section: Chapter Questions

Problem 4LTAI

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which of the following conditions indicates that a loan assumption is least advisable?
An existing loan with a high loan-to-value ratio
An existing loan with a due on sale clause
A buyer who can make a 10% down payment
Is scarcity of mortgage money

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