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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asked Mar 24, 2017 49.1k views

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Han Bing · Answer 1 · 2017-03-25T22:49:06+0000

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

Answer: Mortgage loans.

Joseph Weissman · Answer 2 · 2017-03-31T09:49:30+0000

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.

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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