Recording a mortgage ensures that the creditor is officially on record as holding an interest in the property.
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Q11: A prepayment penalty clause helps to protect
Q12: A small-amount mechanic's lien typically stays on
Q13: Federal law provides a minimal framework to
Q14: The borrower is typically required to pay
Q15: A lender can require a borrower to
Q17: Mortgage loans are contracts.
Q18: Most creditors require a borrower to purchase
Q19: The rate of interest paid by the
Q20: A fixed-rate mortgage is a standard mortgage
Q21: To initiate a foreclosure, a lender must
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