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

secondary loan
primary loan
mortgages
swapped mortgages

LohaHridoy

6 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 3

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.

6 views Answered 2022-09-01 13:21

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