End of Chapter 19 Questions and Answers
PMI can be eliminated once the LTV drops to or below 80% and the borrower need only pay for a new appraisal to estimate the new LTV at any time in the future. 7. What are the advantages of FHA or VA financing? Answer: Low down payments or none with VA loans. 8. Why would it be surprising to see 80% loan to value FRMs at 8.5% with no points in ... ................
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