81.5k views
0 votes
A loan guaranteed with property is called?

1 Answer

3 votes

the name is mortgages

explanation=Mortgage Notes are promissory notes guaranteed with a document called a partnership that mortgages property rights as collateral for loans. ... However, if a "point" assessment is imposed by the lender, the total amount received by the borrower is less than the nominal value of the note.

User Bristol
by
3.8k points