What Was the Primary Early Selling Point of a Borrower

question 12

Multiple Choice

What was the primary early selling point of a borrower being offered a piggyback mortgage from a financial advantage perspective?

• A) Not buying private mortgage insurance which was not tax deductible for many years.
• B) The interest rate on the piggyback mortgage was always lower than a home equity line of credit.
• C) Fannie Mae would buy both the first and second when made together making the closing and funding go faster.
• D) When a first and second mortgage were made together it made Loan modification or settlement problems easier to deal with if they occurred.

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Definitions:

Healers

Individuals, often professionals, who are trained and dedicated to promoting physical, mental, or spiritual well-being and facilitating recovery.

Medical Provider

A healthcare professional who offers clinical services to patients, such as doctors, nurses, and therapists.

Holistic Nurse

A nursing practice that addresses the patient's physical, mental, emotional, spiritual, and social needs, aiming to treat the person as a whole.

Role Modeling

The process of influencing others by serving as an example of how to behave or how to perform certain tasks or roles.