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    Exam 6: Mortgages: Additional Concepts, analysis, and Applications
  5. Question
    The Effective Cost of a Wraparound Loan Should Be Comparable
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The Effective Cost of a Wraparound Loan Should Be Comparable

Question 20

Question 20

True/False

The effective cost of a wraparound loan should be comparable to the cost of a second mortgage with the same loan-to-value ratio.

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