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What is the main purpose of a security interest in real estate financing? To outline the repayment schedule for the loan. To protect the lender
What is the main purpose of a security interest in real estate financing? To outline the repayment schedule for the loan. To protect the lender by providing a claim on the property if the borrower defaults on the loan. To provide the borrower with the legal ownership of the property. To establish the conditions for early loan repayment.
What is the main purpose of a security interest in real estate financing?
To outline the repayment schedule for the loan.
To protect the lender by providing a claim on the property if the borrower defaults on the loan.
To provide the borrower with the legal ownership of the property.
To establish the conditions for early loan repayment.
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