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Business, 29.08.2020 18:01 hjgdk6891

A buyer obtains a 90% institutional loan for $180,000 toward the purchase of a $200,000 house. The buyer does not have the necessary $20,000 for the downpayment, so the seller takes back a $10,000, ten-year mortgage and the buyer contributes the other $10,000 in cash. This is known as a/an: Group of answer choices

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A buyer obtains a 90% institutional loan for $180,000 toward the purchase of a $200,000 house. The b...

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