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

A. demand loans

B. lines of credit

C. mortgage loans

D. construction loans

Loans given to families or individuals to purchase homes are called mortgage loans, named after J. P. Morgan.

Answer: Mortgage loans.

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.