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What is a mortgage? A. A type of rent used to pay for housing B. A type of loan used to buy property C. A measure of the value of a home D. A measure of your credit rating
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What is a mortgage?

A. A type of rent used to pay for housing
B. A type of loan used to buy property
C. A measure of the value of a home
D. A measure of your credit rating

User Nils Gudat
by
8.0k points

1 Answer

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A mortgage is a type of loan used to buy property, the bank gives you the money at an interest rate, but takes possession of your properties until you pay back the loan. The answer would be B!

Have a nice day! :)
User Seanhodges
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