Question

Federally insured mortgages are intended to protect: a. the borrower by providing a backup fund that can be accessed by the borrower. b. against interest rate risk by providing a backup fund to cover any increase in interest rates. c. the federal government in case the home owner does not pay real estate taxes owed on the property. d. the loan repayment to lending institution. Hide Feedback

Answer 1

A

Step-by-step explanation:

because it involves borrowing