Question

Loans repaid in regularLoans repaid in regular payments over a period of time, such as student loans, personal loans, and home improvement loans, are types of ____________________ loans. Group of answer choices installment mortgage single payment credit union payments over a period of time, such as student loans, personal loans, and home improvement loans, are types of ____________________ loans.

Answer 1

The response is:

a monthly payment mortgage

Reason for this:

Given that an Installment Mortgage is an agreement between two parties in which the borrower of funds or money agrees to repay the funds or money at a fixed rate and at regular intervals defined and accounted for by both parties (the lender and borrower)

Thus, in this case, INSTALLMENT MORTGAG. loans are those that are repaid in regular installments over a period of time, such as student loans, personal loans, and home improvement loans.

Answer 2

installment mortgage

Step-by-step explanation:

Given that Installment Mortgage is an arrangement in which the borrower of funds or money is agreed to pay back the money at a certain fee and in regular intervals defined and accounted by both parties (the lender and borrower)

Hence , in this case, Loans repaid in regular payments over a period of time, such as student loans, personal loans, and home improvement loans, are types of INSTALLMENT MORTGAG. loans.