Question

With most ____________________ the buyer occupies the purchased property and makes regular payments to the seller until the debt established by the contract is satisfied.

Answer 1

Most mortgages require the buyer to make regular payments until the debt is paid off.

Step-by-step explanation:

The subject of this question is Business and the grade level is High School.

With most mortgages, the buyer occupies the purchased property and makes regular payments to the seller until the debt established by the contract is satisfied.

For example, if a person buys a house for $100,000 and takes out a mortgage loan for $80,000, they would make monthly payments to the bank over a specified period, such as 15 or 30 years, until the entire loan amount plus interest is paid off.