The FHA up-front mortgage insurance premium (MIP) is:
A) refunded if the loan is subsequently assumed
B) equal to five percent of the face amount of the loan
C) can be financed under some conditions
D) none of the above
Correct Answer:
Verified
Q1: An equitable right of redemption:
A) is allowed
Q2: Title insurance:
A) insures against losses on a
Q3: A deficiency judgment is:
A) a judgment that
Q4: Two methods of foreclosure include:
A) power-of-sale and
Q5: Foreclosure is a process that:
A) returns the
Q6: FHA mortgage insurance:
A) protects the borrower against
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