Question: Stived Help Save 8 Exit In some cases, lenders require that borrowers obtain default insurance. The purpose of such insurance is to: Multiple Choice 2

Stived
Help
Save 8 Exit
In some cases, lenders require that borrowers obtain default insurance. The purpose of such insurance is to:
Multiple Choice
221:22
increase the value of the underlying property.
protect the borrower from defaulting on the loan.
protect the lender from losses associated with borrower default on the loan.
decrease the effective interest rate on the loan.
Stived Help Save 8 Exit In some cases, lenders

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