This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Lenders require Canada Mortgage and Housing Corporation insurance on high ratio mortgages. What is ... (Read 104 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Nov 11, 2019
Lenders require Canada Mortgage and Housing Corporation insurance on high ratio mortgages. What is the primary purpose of this insurance?
◦ Disability insurance for the borrowers to make sure they can pay off the house if one of them can no longer work
◦ Insurance for the lender to protect their collateral in case the borrower defaults and the home has declined in value
◦ Life insurance for the borrowers to make sure they can pay off the house if one of them dies
◦ Insurance for the borrower in the event of foreclosure to compensate them for the full price they paid for the home
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by 123654777 on Nov 11, 2019

kmb352

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 44% of students answer this correctly


123654777

  • Member
  • Posts: 585
Reply 2 on: Nov 11, 2019
Excellent

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

The Structure of an Old High-Mass Star The Structure of an Old High-Mass Star
Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo
Membership in this subculture is not easily awarded. Not only must high-steel ironworkers prove that ... Membership in this subculture is not easily awarded. Not only must high-steel ironworkers prove that ...
The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1. The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1.
Preterm birth rates, by single and multiple births, Canada Preterm birth rates, by single and multiple births, Canada
Suicide by Age and Sex, Canada, 2017 Suicide by Age and Sex, Canada, 2017
Video: Acid-base imbalances - metabolic acidosis and alkalosis

For a complete list of videos, visit our video library