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4. Private mortgage Insurance (PMI): siq Isma 20 16367 a. Guarantees that your monthly mortgage payments will not increase in the future if interest rates rise. C. b. Is often required by lenders if your downpayment is less than 20% of the purchase price. Guarantees that monthly mortgage payments will be made if you lose your job. Helps you to reduce your total monthly payments. d. e. Is effectively a penalty for not having saved enough. f. None of the above

4. Private mortgage Insurance (PMI): a. Guarantees that your monthly mortgage payments will not increase in the future if interest rates rise. b. Is often required by lenders if your downpayment is less than 20% of the purchase price. c. Guarantees that monthly mortgage payments will be made if you lose your job. d. Helps you to reduce your total monthly payments. e. Is effectively a penalty for not having saved enough. f. None of the above 4. Private mortgage Insurance (PMI): a. Guarantees that your monthly mortgage payments will not increase in the future if interest rates rise. b. Is often required by lenders if your downpayment is less than 20% of the purchase price. c. Guarantees that monthly mortgage payments will be made if you lose your job. d. Helps you to reduce your total monthly payments. e. Is effectively a penalty for not having saved enough. f. None of the above

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