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19 November, 08:01

What do borrowers use to secure a mortgage loan?

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  1. 19 November, 08:30
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    a credit card

    a down payment

    a house

    land

    Explanation:

    A mortgage loan is a loan (fund) which is usually given to people by a bank against their property. Mortgage loan is usually acquired by buyers of real property to raise funds to buy real estate. It can also be obtained to purchase commercial or industrial property.
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