American_Bankers_Association
CTFA · Question #119
_____________ is the money paid to insure the mortgage when the down payment is less than 20 percent
The correct answer is D. Mortgage Insurance. See the full explanation below for the reasoning.
Investment Management
Question
_____________ is the money paid to insure the mortgage when the down payment is less than 20 percent
Options
- AOrigination fee
- BPoints
- CDown payment
- DMortgage Insurance
How the community answered
(42 responses)- A19% (8)
- B7% (3)
- C5% (2)
- D69% (29)
Topics
#mortgage insurance#PMI#down payment#real estate lending
Community Discussion
No community discussion yet for this question.