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The Past State of Mind Exception Requires Unavailability of the Declarant

question 62

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The past state of mind exception requires unavailability of the declarant.


Definitions:

Mortgage Loans

A loan secured by the collateral of some specified real estate property which the borrower is obliged to pay back with a predetermined set of payments.

Mortgage Insurance

An insurance policy designed to protect the lender from the risk of default and foreclosure on a mortgage.

Down Payment

The part of the purchase price of real property that is paid in cash up front, reducing the amount of the loan or mortgage.

Adjustable-Rate Mortgage

A home loan with an interest rate that can change periodically based on changes in a corresponding financial index.

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