mortgage insurance premium financed
Finance Matters! .. Help?
1. A risk of home ownership is that: a.interest rates may change with a conventional mortgage. B.property values may decrease. c.mortgage interest is not tax deductible. d.only a portion of property taxes are tax deductible. I am thinking of B, but I could be wrong .. Which of the following statements is true? a.With universal life insurance, the premium change will change the amount of coverage. b.Whole Life insurance generally allows the policyholder to change the amount of the premium. c.Decreasing term life insurance allows the premium payments that decline over time. D. Universal life insurance allows access to the cash value of a policy loan or withdrawal.
1) ba is a mistake as a mortgage has a rate conventtional fixed by definition C and D are wrong, because all mortgage interest and real estate taxes are deductible. 2) ab is incorrect. a premium of all life is the same for the life of the c policy is wrong. within decreasing, the death benefit decreases over time. d is incorrect. Universal Policys allow loans, not withdrawn. Note **** I am not 100% sure the issue of insurance, insurance can not find my old textbook. If anyone should run confirms this question in the forum insurance. EDIT I think both A and D are true. I'm finding information that supports the two responses. Continue looking for my textbook.
Private Mortgage Insurance (PMI)
