Final answer:
A loan provided by the seller to the buyer as part of the purchase can be used when the buyer is assuming the seller's mortgage. This statement is TRUE.
Step-by-step explanation:
A loan provided by the seller to the buyer as part of the purchase can be used when the buyer is assuming the seller's mortgage. This statement is True. When a buyer assumes a seller's mortgage, they agree to take on the existing mortgage debt of the seller. In this case, the seller acts as the lender and provides a loan to the buyer as part of the purchase agreement.