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A homebuyer received a conventional loan with a down payment of 8% of the purchase price. In the future, her mortgage payment (PITI) will be

A homebuyer received a conventional loan with a down payment of 8% of the purchase price. In the future, her mortgage payment (PITI) will be reduced automatically without refinancing when which of the following occurs?

A) her income increases

B) her equity reaches 22%

C) She adopts a child so that she has a dependent

D) A neighboring home sells for 15% over the list price

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