In: Economics
Which of the following terms are found in mortgage loan contracts to protect the lender from financial loss?
A. | Down payment | |
B. | Collateral | |
C. | Private mortgage insurance | |
D. | All of the above |
Which of the following terms are found in mortgage loan contracts to protect the lender from financial loss?
- Correct answer: D] All the above
Explanation:
collateral, down payment, private mortgage insurance all the terms are found in mortgage loan contracts to protect the lender from financial loss.