The term of repayment on a construction loan is generally longer than that on a permanent loan.
Correct Answer:
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Q9: The risk of repayment of a conventional
Q10: The Veterans Administration makes direct loans to
Q11: Construction loans are generally amortized loans.
Q12: A savings bank may make only residential
Q13: One major concern for a construction lender
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
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