Typically there is an established threshold for a minimum downpayment on a home loan in order to avoid paying Private Mortgage Insurance. Third Federal has a minimum that

A) Is in line with the 20% down payment normally required by most lenders

B) Since they dont sell their loans, they dont need to comply with the Secondary Market requirements for PMI.

C) Offers borrowers loans with 15% down without charging PMI

D) Needs to be higher than 20% down due to the conservative nature of a small lender.

9) A capitalization rate or cap rate is

A) The annual debt service divided by loan amount

B) The discount rate used to value investment real estate

C) The buyers percentage return in the first year of the holding period

D) The loan amount divided by the purchase price

10) A fixture is an object that formerly was personal property but has become real property. Of the following four rules for determining whether an object has become a fixture, which is the most dominant (i.e., if there is a conflict, which rule prevails)?

A) manner of the attachment

B) character of the article and manner of adaptation

C) intention of the parties

D) relation of the parties