Finance
A Vermont borrower's 'credit score' most directly affects which loan terms?
AProperty tax rates
BInterest rate, loan eligibility, and mortgage insurance requirements✓ Correct
CTitle insurance premiums
DCommission rates
Explanation
Credit scores are a primary factor in Vermont mortgage underwriting. Higher scores typically qualify for lower interest rates and better loan terms; lower scores may result in higher rates, stricter requirements, or loan denial. Credit scores also affect whether PMI is required and at what rate.
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