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Mortgage Adviser Test
Types of Borrowers
Why might a joint borrower, sole proprietor mortgage be beneficial?
(A)
It allows two borrowers to share the mortgage responsibility but only one name appears on the property deed.
(B)
It allows two borrowers to split the mortgage payment equally.
(C)
It requires both borrowers to be family members.
(D)
It mandates both borrowers to live in the property simultaneously.
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