Multiple Choice
Which of the following observations concerning mortgages is NOT valid?
A) They may refer to loans secured by a lien on residential houses.
B) They are a minor component in finance company portfolios.
C) Mortgage-backed securities are created by securitization.
D) Home equity loans are examples of second mortgages.
E) The interest on a mortgage loan secured by a primary residence is tax deductible to the homeowner in Canada.
Correct Answer:
Verified
Correct Answer:
Verified
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