A Borrower Using a Conventional Mortgage Will Have to Put

question 27

True/False

A borrower using a conventional mortgage will have to put up at least a 20 percent down payment or purchase private mortgage insurance.

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Definitions:

Recessive Trait

A genetic characteristic that is expressed in an organism only when two copies of the gene responsible for the trait are present.

Mitosis

Cellular reproduction in which the cell’s nucleus duplicates itself with two new cells being formed, each containing the same DNA as the parent cell, arranged in the same 23 pairs of chromosomes.

Meiosis

A specialized form of cell division that forms eggs and sperm (also known as gametes).

Chromosome

A structure composed of DNA and proteins found in the nucleus of most living cells, carrying genetic information in the form of genes.