Private mortgage insurance guarantees that the borrower owns the property.
Correct Answer:
Verified
Q11: Construction loans are generally amortized loans.
Q12: A savings bank may make only residential
Q13: One major concern for a construction lender
Q14: The term of repayment on a construction
Q15: One major underwriting concern for a permanent
Q17: The term of repayment on a permanent
Q18: The FHA does not make direct loans
Q19: Once a mortgage loan is closed in
Q20: A loan made to fund construction of
Q21: Payments under a fully amortized loan payment
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