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Kayla Chen and Kristina Wang cannot afford the down payment on the 3-unit residence they want to purchase together in CA. They turn to a government program for assistance. Chen and Wang are required to purchase mortgage default insurance, but only have to pay 3.5% of the home's appraised value as a down payment. Chen and Wang purchased the home using:

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Questions for the California Real Estate Salesperson exam.


Kayla Chen and Kristina Wang cannot afford the down payment on the 3-unit residence they want to purchase together in CA. They turn to a government program for assistance. Chen and Wang are required to purchase mortgage default insurance, but only have to pay 3.5% of the home's appraised value as a down payment. Chen and Wang purchased the home using:






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