Phil is investing in a second mortgage and wishes to limit his risk as much as possible. He's already ensured that the Itv is within his risk tolerance and wants to know what else he should do to limit the risk of loss. Given his concern, what should he consider doing? Select one: a. Get another appraisal on the subject property b. Require the borrower to take a creditor insurance policy c. Having the mortgage administered d. Require the borrower to take out default insurance Sarah, a potential investor, has asked John, a mortgage broker, about how to invest in mortgages. In discussing her options, Sarah has decided that she would like to use one of the following to invest. Given this list, what will Sarah not be able to use as a source of investment funds? Select one: a. RRIF b. RRSP C. TFSA d. PRPP
Phil is investing in a second mortgage and wishes to limit his risk as much as possible. He's already ensured that the Itv is within his risk tolerance and wants to know what else he should do to limit the risk of loss. Given his concern, what should he consider doing? Select one: a. Get another appraisal on the subject property b. Require the borrower to take a creditor insurance policy c. Having the mortgage administered d. Require the borrower to take out default insurance Sarah, a potential investor, has asked John, a mortgage broker, about how to invest in mortgages. In discussing her options, Sarah has decided that she would like to use one of the following to invest. Given this list, what will Sarah not be able to use as a source of investment funds? Select one: a. RRIF b. RRSP C. TFSA d. PRPP
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Phil is investing in a second mortgage and wishes to limit his risk as much as
possible. He's already ensured that the Itv is within his risk tolerance and wants to
know what else he should do to limit the risk of loss. Given his concern, what should
he consider doing?
Select one:
a. Get another appraisal on the subject property
b. Require the borrower to take a creditor insurance policy
c. Having the mortgage administered
d. Require the borrower to take out default insurance
Transcribed Image Text:Sarah, a potential investor, has asked John, a mortgage broker, about how to invest
in mortgages. In discussing her options, Sarah has decided that she would like to
use one of the following to invest. Given this list, what will Sarah not be able to use
as a source of investment funds?
Select one:
a. RRIF
b. RRSP
C. TFSA
d. PRPP
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