Question: Regarding basic mortgage financing loans, which is incorrect? a) A due-on-sale clause requires mortgage repayment when a property is sold. b) An assumable mortgage can

Regarding basic mortgage financing loans, which is incorrect?

a) A due-on-sale clause requires mortgage repayment when a property is sold.

b) An assumable mortgage can be transferred to a new buyer.

c) Commercial mortgages can never be extended.

d) Mortgages have a maturity date.

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