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MRT 2 · Borrower Demise
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Borrower Demise

What happens to a mortgage on death under joint tenancy vs tenants in common, and the role of life insurance.

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Key points

Question 3

Which term matches: "mortgage must be repaid; estate is liable; property may need to be sold"

Question 4

What does "On death of joint borrower (joint tenancy)" mean?

Question 5

Match each term in "Key points" to its meaning

Tap a term, then tap its matching definition.

Question 6

Fill in the blank

______ — deceased’s share passes per will/intestacy; surviving

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What the exam tests

What happens to a mortgage on death under joint tenancy vs tenants in common, and the role of life insurance.

Question 8

True or false?

What happens to a mortgage on death under joint tenancy vs tenants in common, and the role of life insurance