Multiple Choice
FHA-VA mortgages differ from conventional mortgages in that
A) the mortgaged land and building are collateral for conventional mortgages but not for FHA-VA mortgages.
B) FHA-VA mortgages are insured by the federal government, while conventional mortgages are not.
C) FHA-VA mortgages involve real estate, while conventional mortgages may or may not involve real estate.
D) conventional mortgages run for 25-30 years, but FHA-VA are considerably shorter in duration.
Correct Answer:
Verified
Correct Answer:
Verified
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