Explain at least two benefits of using a real estate broker.

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter9: Obtaining Affordable Housing
Section: Chapter Questions
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 Explain at least two benefits of using a real estate broker. 
What is private mortgage insurance?  How does it work to protect a lender from risk?  

  What are the three 'C's' of mortgage underwriting?  What is one way in which each of the 'C's' is  measured? 
  What is the APR?  Discuss at least two concerns that the APR does not capture the full costs of a mortgage. 
 


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