Question

Kevin wants to mortgage loan, but he
does not have enough funds to meet the
down payment - Sonia goes through
this to give a jumbo loan of 85%
on the value of the property Help
sonia find out on what percentage
of the loan amount kevin is required to
take a private mortgage
Insurance?!
a) 80%
b)85%
c) 100%
d) 5%
​

Answer 1

Answer:

The correct Answer is 85%