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CTFA · Question #116

CTFA Question #116: Real Exam Question with Answer & Explanation

The correct answer is B. A mortgage score which is in first lien position, C. Taking priority over all other liens. See the full explanation below for the reasoning.

Question

First mortgage is:

Options

  • AFlexible payment mortgage
  • BA mortgage score which is in first lien position,
  • CTaking priority over all other liens
  • DGraduated payment mortgage

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