CeMAP Module 2 - MRT1 - Wizard Learning

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CeMAP Module 2 - MRT1

Negative equity is where:

a mortgage debt exceeds the value of the mortgaged property

a mortgage is less than the value of the mortgaged property

the value of a mortgage repayment vehicle is insufficient to repay the mortgage

a person takes a second mortgage in order to remain solvent

Question 1 of 5

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Question Worth : 1 mark

Current Score : 0 [Total available for assessment: 5]

Question Ref. #WL245359.