Correct Answer: When the loan to value ratio is greater than 80%
Explanation:
Note: This Question is unanswered, help us to find answer for this one
Loans & Lending Practices Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More Loans & Lending Practices MCQ Questions
What is the payment of the monthly installment by the borrower to the lender called?
What does the term 'Deferment' denote?
What is meant by a secured loan?
What type of repayment plans do credit cards typically have?
Should a loan be taken out just for its tax benefits?
What does the term "Margin" mean?
What are low interest loans offered by schools to the neediest students called?
What is a typical mortgage loan term?
Who is a mortgagee?
What does the term 'Escrow' mean?