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American_Bankers_Association

CTFA · Question #211

One of the components of monthly mortgage insurance is homeowner's insurance. Its cost varies with factor/s as:

The correct answer is A. Age of the house B. Location C. Material used in construction. See the full explanation below for the reasoning.

Question

One of the components of monthly mortgage insurance is homeowner's insurance. Its cost varies with factor/s as:

Options

  • AAge of the house
  • BLocation
  • CMaterial used in construction
  • DA and B Only

How the community answered

(30 responses)
  • A
    77% (23)
  • D
    23% (7)

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