Question

In: Economics

Which of the following terms are found in mortgage loan contracts to protect the lender from financial loss?

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

Solutions

Expert Solution

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.


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