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John is about to close on a home. The price of the home is $300,000. He is going to pay $50,000 down and will borrow

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John is about to close on a home. The price of the home is $300,000. He is going to pay $50,000 down and will borrow $250,000 through a conventional loan. He will have to pay monthly for the following: O a. Term life on the borrower for the amount of the loan b. MIP (Mortgage Insurance Premium) OC. PMI (Private Mortgage Insurance) od. Title insurance e None of these apply

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