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

A. demand loans
B. lines of credit
C. mortgage loans
D. construction loans

User Arshpreet
by
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2 Answers

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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.
User Han Bing
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7.8k points
1 vote
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.
User Joseph Weissman
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9.0k points
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