Which of the Following Statements with Regards to Mortgage Loans

question 84

Multiple Choice

Which of the following statements with regards to mortgage loans is false?

• A)Mortgage loans are usually made on a credit foncier basis.
• B)A 'balloon' payment may be necessary at maturity.
• C)Most life insurance companies specify a minimum amount for mortgage finance,usually upwards of $200 000.
• D)The main source of mortgage finance for companies has traditionally been superannuation funds.

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