Parker is training a new MLO on conventional and conforming loan rules. Which statement is accurate?
Correct Answer
D) Separate conventional PMI from government insurance
Conventional loans are not government insured and may be conforming or nonconforming. The best answer is "Separate conventional PMI from government insurance".
Why This Is the Correct Answer
Conventional loans are not government insured and may be conforming or nonconforming. The best answer is "Separate conventional PMI from government insurance".
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