The Expenses, Which a Lender Incurs While Processing a Mortgage

question 45

Multiple Choice

The expenses, which a lender incurs while processing a mortgage loan application, are recovered from the borrower as

• A) discount points.
• B) origination fees.
• C) mortgage insurance premium.
• D) private mortgage insurance.

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Definitions:

Government Disability Payments

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Environments where activities are monitored and controlled by qualified personnel, often ensuring safety and adherence to specific rules or standards.

Family Support

The assistance, comfort, and emotional sustenance provided by family members to each other, often crucial in times of illness or stress.

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A neurological disorder characterized by involuntary, repetitive body movements, often resulting from long-term use of certain psychiatric medications.