There are a number of different mortgage types to choose from in financing a house or condominium, such as fixed or variable loans for 15 or 30 years

Indicate whether the statement is true or false.

Answer: TRUE

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In a closing statement, the term "recurring costs" refers to:

A. title insurance B. costs common to all escrows C. deed transfer taxes D. impound items

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Ethnocentrists believe that their cultural background is the correct way to analyze problems

Indicate whether the statement is true or false.

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