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With which type of account is a mortgage payment associated?

A. checking account
B. credit card
C. health insurance
D. home loan

2 Answers

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the type of account is a mortgage payment associated with is a HOME LOAN
User Andrfas
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8.4k points
4 votes

Answer:

D. Home loan

Step-by-step explanation:

A mortgage is a debt instrument used either to purchase real property or to raise funds for any purpose by putting a lien on the property of the owner.

The mortgage loan is secured through a process called Mortage origination. This means that if the borrower doesn´t pay back the predetermined set of payment the lender could take possession and sell the secured property to pay off the loan.

In many jurisdictions, it is normal to give a mortgage to those who want to buy a home.

I hope this answer helps you.

User Couka
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