Private Mortgage Insurance Typically Is Not Needed with a Down

question 189

Multiple Choice

Private mortgage insurance typically is not needed with a down payment of 20% or larger.Why?

• A)Not true,all mortgage loans require PMI.
• B)Buyers who have large down payments don't choose the extra insurance.
• C)Buyers who invest large down payments are more motivated to make their mortgage payments.
• D)All of the above
• E)None of the above

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Definitions:

Distributed

Refers to systems, processes, or entities that are spread out across different locations or components, rather than being centralized.

Leadership Divided

A situation where leadership responsibilities and decision-making powers are split among multiple individuals or groups, potentially leading to conflicts or inefficiencies.

Unilateral Power

The power exercised by a single entity or individual without the need for consultation or agreement with others.

Social Phenomenon

an event or behavior pattern that arises from the activities and interactions of individuals within societies.