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 26 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
Wow, this really help

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Two Canada lynx kittens Two Canada lynx kittens
Canada Lily Canada Lily
Over the past four decades, the self-reported health of married men and women has remained high, ... Over the past four decades, the self-reported health of married men and women has remained high, ...
Avoiding High-Pollution Exercise Times Avoiding High-Pollution Exercise Times
The high-voltage disconnect switch is in the trunk area on a Toyota Prius. High-voltage lineman’s ... The high-voltage disconnect switch is in the trunk area on a Toyota Prius. High-voltage lineman’s ...
Carbon Isotope ratio Carbon Isotope ratio
Video: Morphology of a tomato plant

For a complete list of videos, visit our video library