Why is a conventional mortgage a good idea?
A) You will not need to purchase CMHC insurance.
B) You will not need to purchase life insurance.
C) The bank will insure it for you.
D) You will not need to purchase life insurance or CMHC insurance.
Correct Answer:
Verified
Q75: Which of the following is true?
A)Conventional mortgages
Q76: On a fixed-rate mortgage, the monthly
A)payment remains
Q77: Which of the following is most important
Q78: A house appraises at $285 000. What
Q79: Ianna has found a fixed rate mortgage
Q81: Principal, interest, and property taxes on a
Q82: Mertyl is interested in buying a house
Q83: Why are variable-rate mortgages are riskier than
Q84: Which of the following would be the
Q85: An amortization schedule shows all but the
A)principal
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