1. To bargain for cheaper mortgage rates from loan provider
  2. To continuously protect the value of the mortgaged property
  3. To escape court action of attachment in case of default or indebtedness
  4. To act as a collateral for ensuring financial protection for home loan borrowers
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1 Answers

Answer: Option 4

The essential feature of an MRI is to act as a collateral for ensuring financial protection for home loan borrowers.

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