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What do borrowers use to secure a mortgage loan? Check all that apply.

a credit card
a down payment
a house
land
a vehicle

Sagot :

Efuaj2003idn

Answer:

a house

Explanation:

they will need something that costs close to their loan so incase they can't pay back the loan the house will be taken in his stead

Abhaydwive123idn

Option C. a house land

why do you need to the secure mortgage?

A secured loan is a debt product protected by collateral. This means that when applying for a secured loan, the lender wants to know the assets you plan to use to secure the loan. The lender then pledges its assets until the loan is fully repaid.

Your income. Your Social Security number (so that the lender can verify your creditworthiness) The address of the house you plan to buy or refinance. Estimating the value of a house.

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