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Champions School of Real Estate - Real Estate Finance Exam 2025 || Questions & Answers (100% Verified)

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An upfront payment of points used to reduce the borrower's monthly payment - by paying points at closing a borrower may secure a lower rate on the loan. - ANSWER - Buy Down A clause outlining the obligations of the original borrower and a new borrower in the event the loan is assumed. - ANSWER - Assumption Clause Lender under a mortgage - ANSWER

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