Kiến thức vay thế chấp chungCâu 150 / 400
Under the Homeowners Protection Act, borrower-paid PMI on many conventional loans must automatically terminate when the LTV reaches what level (based on original value and scheduled amortization)?
a.80%
b.78%
c.75%
d.90%
Giải thích
PMI must automatically terminate at 78% LTV of the original value when payments are current. Borrowers may request cancellation at 80%, but automatic termination is at 78%; 75% and 90% are not the statutory thresholds.
Trích dẫn luật: Homeowners Protection Act (PMI)Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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