Multiple Choice
Which of the following is true of governmental mortgage insurance?
A) The insurance lasts for two years after the mortgage period.
B) The Federal Housing Administration charges a higher rate of interest than a conventional mortgage.
C) The U.S. Department of Veterans Affairs offers mortgages for the general public.
D) The U.S. Department of Veterans Affairs offers lesser interest rates for those who served in active duty in the armed forces.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: When a property is subject to a
Q11: When a mortgage is assigned: <br>A)the assignee
Q12: Real property law exempts mortgages from the
Q13: The first mortgage takes precedence over the
Q14: A mortgagor has the right to rents
Q15: A mortgagor has the right to sell
Q16: Several agencies of the federal government offer
Q18: A mortgagee normally retains possession of the
Q19: Which of the following is true of
Q20: Which of the following best describes a