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6 December, 09:26

What is a mortgage?

A) A type of rent used to pay for housing

B) A type of loan used to buy property

C) A measure of the value of a home

D) A measure of your credit rating

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Answers (2)
  1. 6 December, 11:49
    0
    A legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

    A loan obtained through the conveyance of property as security.
  2. 6 December, 13:23
    0
    The answer is a loan (or b)
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Home » Business » What is a mortgage? A) A type of rent used to pay for housing B) A type of loan used to buy property C) A measure of the value of a home D) A measure of your credit rating
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