Ask Question
BusinessBusiness
24 September, 03:24

What do borrowers use to secure a mortgage loan?

A. Credit Card

B. Down Payment

C. House

D. Land

E. Vehicle

I'm not sure if the answer is A and B, or if C is included too.

+4
Answers (1)
  1. 24 September, 03:35
    0
    A. and B.

    Explanation:

    mortgage loans are given to individuals by a certified bank against their property. In order to secure this loan the bank requires a down payment from the individual looking for the loan as well as the individual's credit card information. This credit card will be charged the amount that the individual owes the bank on a monthly basis.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What do borrowers use to secure a mortgage loan? A. Credit Card B. Down Payment C. House D. Land E. Vehicle I'm not sure if the answer is A ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Assume mark-up percentage equals desired profit divided by total costs. What is the correct calculation to determine the dollar amount of the mark-up per unit? A. Total cost per unit divided by mar-kup percentage per unit. B.
Answers (1)
The function of the marketing board
Answers (1)
Enviro Corporation manufactures a special liquid cleaner at its Green plant. Operating data for June follow: Materials $ 438,000 Labor 42,000 Manufacturing overhead 234,000 The Green plant produced 1,700,000 gallons in June.
Answers (1)
On September 1, Sky Mountain Co. borrowed $68,000 on a 6%, 9-month note payable to Coast National Bank. Given no previous adjusting entries have been recorded, Sky Mountain's adjusting entry four months later at December 31 would include a:
Answers (1)
The cost of new preferred stock is equal to Select one: a. (1 - tax rate) times the preferred stock dividend divided by net price. b. preferred stock dividend divided by the net selling price of preferred. c.
Answers (1)
New Questions in Business
Over the past decade, household debt has 1.) Shrunken 2.) Risen 3.) Remained at early 2000 levels
Answers (2)
Brian has decided to supplement his job application to Wendenlt Corporation with a cover letter to the senior manager of human resources. However, he knows neither the name nor the gender of the senior manager he wishes to address.
Answers (1)
Prior to any trip it is important to do all of these except:
Answers (1)
C Qu. 21 Sea Island Company is trying to decide which ... Sea Island Company is trying to decide which one of two alternatives it will accept.
Answers (1)
Admitting New Partners Who Buy an Interest and Contribute AssetsThe capital accounts of Trent Henry and Tim Chou have balances of $160,000 and $100,000, respectively. LeAnne Gilbert and Becky Clarke are to be admitted to the partnership.
Answers (1)
Home » Business » What do borrowers use to secure a mortgage loan? A. Credit Card B. Down Payment C. House D. Land E. Vehicle I'm not sure if the answer is A and B, or if C is included too.
Sign Up Forgot Password?