Question

Some of the factors private mortgage insurance companies consider when they set their rates and coverage parameters include all of the following except:

A. Loan amount and loan type
B. LTV and borrowers credit score
C. Borrower's age and familial status
D. Type of property

Answer 1

Private mortgage insurance companies consider several factors when setting rates and coverage parameters, such as loan amount, LTV, credit score, and type of property. Age and familial status are not typically considered.

Step-by-step explanation:

Private mortgage insurance companies consider several factors when setting their rates and coverage parameters. These include:

1. Loan amount and loan type
2. LTV (loan-to-value ratio) and borrower's credit score
3. Type of property

Borrower's age and familial status are not factors that private mortgage insurance companies typically consider when setting rates and coverage parameters.