A Mortgage for Less Than 80% of the Appraised Value

question 134

True/False

A mortgage for less than 80% of the appraised value of the home will not require PMI insurance because they default less often.

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Definitions:

Socio-Cultural

Refers to the combination of social and cultural factors that impact individual and community behaviors, norms, and values.

Political Revolution

Political revolution refers to the fundamental and rapid change in political power and political organization, often accompanied by social and cultural shifts.

Individual Rights

Legal principles that recognize and protect the freedoms guaranteed to each person, including freedom of speech, religion, and the pursuit of happiness.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, largely driven by international trade and investment and aided by information technology.