A loan made to fund construction of a bridge is known as a bridge loan.
Correct Answer:
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Q15: One major underwriting concern for a permanent
Q16: Private mortgage insurance guarantees that the borrower
Q17: The term of repayment on a permanent
Q18: The FHA does not make direct loans
Q19: Once a mortgage loan is closed in
Q21: Payments under a fully amortized loan payment
Q22: Subprime loans generally involve residential loans made
Q23: A fully amortized loan should never have
Q24: Interest on most mortgage loans is paid
Q25: Construction loans are generally straight or term
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