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22 January, 21:11

Loans given to families or individuals to purchase homes are called:

A. demand loans

B. lines of credit

C. mortgage loans

D. construction loans

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Answers (2)
  1. 22 January, 21:33
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    Loans given to families or individuals to purchase homes are called mortgage loans, named after J. P. Morgan.

    Answer: Mortgage loans.
  2. 22 January, 21:34
    0
    C, Mortgage loans. Its a loan from the bank to buy, refinance or remodel a home, with home much you ask vs. how much the bank finds the house is worth. you pay it back with intrest over a set amount of years.
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