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Private Mortgage Insurance Typically Is Not Needed with a Down

Question 189

Multiple Choice

Private mortgage insurance typically is not needed with a down payment of 20% or larger.Why?


A) Not true,all mortgage loans require PMI.
B) Buyers who have large down payments don't choose the extra insurance.
C) Buyers who invest large down payments are more motivated to make their mortgage payments.
D) All of the above
E) None of the above

Correct Answer:

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