Finance
In Arizona, 'private mortgage insurance' (PMI) premiums are typically paid by:
AThe lender as a cost of doing business
BThe borrower as part of their monthly mortgage payment or as an upfront premium✓ Correct
CThe seller as a seller concession
DThe title company as part of closing costs
Explanation
PMI premiums are paid by the borrower, typically as a monthly addition to the mortgage payment (or as a single upfront premium or split premium). It benefits the lender but is paid for by the borrower.
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