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Question 2 2 pts Sam bought a house 10 years ago with 9% down payment (LTV=91%). He financed the remaining amount with 30-year fixed FHA

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Question 2 2 pts Sam bought a house 10 years ago with 9% down payment (LTV=91%). He financed the remaining amount with 30-year fixed FHA mortgage and he was required to pay $300 mortgage insurance per month. Now the LTV on this house has dropped to 78%. Lender should automatically cancel the $300/month mortgage insurance. True False

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