Phil is investing in a second mortgage and wishes to limit his risk as much as possible. He's already ensured that the Itv is within his risk tolerance and wants to know what else he should do to limit the risk of loss. Given his concern, what should he consider doing? Select one: a. Get another appraisal on the subject property b. Require the borrower to take a creditor insurance policy c. Having the mortgage administered d. Require the borrower to take out default insurance Sarah, a potential investor, has asked John, a mortgage broker, about how to invest in mortgages. In discussing her options, Sarah has decided that she would like to use one of the following to invest. Given this list, what will Sarah not be able to use as a source of investment funds? Select one: a. RRIF b. RRSP C. TFSA d. PRPP

Phil is investing in a second mortgage and wishes to limit his risk as much as possible. He's already ensured that the Itv is within his risk tolerance and wants to know what else he should do to limit the risk of loss. Given his concern, what should he consider doing? Select one: a. Get another appraisal on the subject property b. Require the borrower to take a creditor insurance policy c. Having the mortgage administered d. Require the borrower to take out default insurance Sarah, a potential investor, has asked John, a mortgage broker, about how to invest in mortgages. In discussing her options, Sarah has decided that she would like to use one of the following to invest. Given this list, what will Sarah not be able to use as a source of investment funds? Select one: a. RRIF b. RRSP C. TFSA d. PRPP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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