Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If a borrower's down payment on a mortgage loan is less than 20%, the lender may require ______. higher discount points. higher collateral. annual lines
If a borrower's down payment on a mortgage loan is less than 20%, the lender may require ______.
higher discount points. | ||
higher collateral. | ||
annual lines of credit. | ||
private mortgage insurance. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started