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In some cases, lenders require that borrowers obtain mortgage insurance. The purpose of such insurance is to: Protect the borrower from defaulting on the loan

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In some cases, lenders require that borrowers obtain mortgage insurance. The purpose of such insurance is to: Protect the borrower from defaulting on the loan Decrease the effective interest rate on the loan Increase the value of the underlying property O Protect the lender from losses associated with borrower default on the loan

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