Personal Finance Semester Test Review

A bank pays the full amount of a mortgage to ____. a. the buyer c. the seller b. a savings and loan d. an escrow account ____ 68. What might a buyer do to get a low interest rate? a. buy mortgage insurance c. pay an application fee b. pay points d. amortize ____ 69. Many government-guaranteed loans offer lower interest rates because they are ____. ................
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