Which of the Following Is Not True

question 25

Multiple Choice

Which of the following is not true?

• A) A conventional mortgage requires a 10-20% down payment.
• B) With government-backed loans, the government insures the loan in the event of default.
• C) Veterans Administration mortgages are extended to most first-time homebuyers.
• D) Government-backed mortgages may require lower down payments than conventional mortgages.

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Definitions:

Government Ownership

The possession and control of enterprises, assets, or property by a governmental body or authority, rather than private individuals or companies.