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Real Estate Agent Final Study Guide Flashcards | StudBud
Real Estate Agent Final Study Guide
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How do you calculate the upfront mortgage insurance on a FHA loan?
A
INT x LTV x UFMIP RATE (Round up)=UFMIP
B
SP x LTV x UFMIP RATE (Round up)=UFMIP
C
INT RATE x LTV x UFMIP RATE (Round down)=UFMIP
D
SP x LTV x UFMIP RATE (Round down)=UFMIP
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