Mortgage insurance is designed to:
A) provide for continued payment of the loan installments to the lender in case the borrower becomes temporarily unable to do so
B) protect the borrower in case the lender or seller has provided inaccurate or fraudulent claims that contributed to the borrower's agreement to purchase the property
C) protect the lender from the dual events that the borrower defaults and the value of the residence is less than the loan balance at the time of default
D) protect the lender if,for any reason,the borrower defaults
Correct Answer:
Verified
Q9: If the current tax law was changed,and
Q10: Under the current tax law,what would the
Q11: A loan in which the lender receives
Q12: "Points" are defined as:
A) a fee charged
Q13: After the securitization of residential mortgages,the relative
Q14: Consider a person with a house valued
Q15: A loan in which the payments go
Q16: What conclusions can you draw about the
Q18: Before the integration of the mortgage market
Q19: Escrow accounts are designed to:
A) ensure that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents