The average prime offer rate is the rate offered to the least qualified borrowers as established by a survey of potential borrowers.
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Q10: If a loan is not paid within
Q11: Lenders are required to charge prepayment penalties
Q12: A lender can make a higher-priced mortgage
Q13: Forbearance is a process that allows a
Q14: An adjustable-rate mortgage is a standard mortgage
Q16: Under a deed in lieu of foreclosure,the
Q17: With an interest-only mortgage,the borrower can choose
Q18: There are additional disclosure requirements for a
Q19: Loan flipping occurs when a lender convinces
Q20: When an owner is unable to make
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