Private mortgage insurance (PMI) :
A) makes the payments if the borrower gets disabled
B) is paid for by the lender
C) pays the loan off if the borrower dies
D) insures the lender for the top portion of the loan
Correct Answer:
Verified
Q3: A secondary mortgage market is where:
A) existing
Q4: The cost approach would be given the
Q5: Which of the following types of loans
Q7: The appraisal principle that states that the
Q9: Find the value by use of the
Q10: Discount points are typically found in
A) VA
Q11: A loss in value because of a
Q12: The market (sales comparison) approach to value
Q13: All of the following are non-institutional lenders,
Q17: The most important consideration in an appraisal
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