For a loan with an LTV greater than 80 percent,the costs of mortgage insurance always exceed the costs of second lien financing.
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Q6: A conforming mortgage is one for which
Q7: Proration involves a professional who rates the
Q8: The Federal Housing Administration (FHA)provides mortgage insurance,but
Q9: The FTL act requires that the lender
Q10: RESPA requires a lender to disclose good
Q12: The calculated APR usually represents the true
Q13: The APR for an adjustable rate mortgage
Q14: One of the objectives of RESPA was
Q15: In some cases,lenders require that borrowers obtain
Q16: Determining the APR for federal truth-in-lending purposes
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