Loan which is made available for businesses or individuals to buy land, home or other property is classified as

Loan which is made available for businesses or individuals to buy land, home or other property is classified as Correct Answer mortgages

Loan which is made available for businesses or individuals to buy land, home or other property is classified as mortgages. A mortgage is a loan from a bank or a financial institution that helps the borrower purchase a house. A mortgage is secured by the home itself, so if the borrower defaults on the loan, the bank can sell the home and recoup its losses.

Related Questions

Answer the question on the basis of the given information. Businesses are suffering because of lack of money available for development loans.To help businesses,the government plans to modify the income- tax structure in order to induce individual tax payers to put a larger portion of their incomes into retirement savings accounts, because as more money is deposited in such accounts, more money becomes available to borrowers. Which of the following, if true, raises the most serious doubt regarding the effectiveness of the government's plan to increase the amount of money available for development loans for businesses?
You create home directories for users Jan and Kim on a Windows NT Server computer. Jan works on a Windows NT Workstation computer. Kim works on a Microsoft Windows for Workgroups computer. After they log on, Jan can access her home directory, but Kim cannot access her home directory. What should you do?