what do borrowers use to secure a mortgage loan? check all that apply.\n□ a credit card\n□ a down payment\n□…

what do borrowers use to secure a mortgage loan? check all that apply.\n□ a credit card\n□ a down payment\n□ a house\n□ land\n□ a vehicle

what do borrowers use to secure a mortgage loan? check all that apply.\n□ a credit card\n□ a down payment\n□ a house\n□ land\n□ a vehicle

Answer

Brief Explanations:

A mortgage loan is secured by real - estate property. A down payment is often part of the mortgage process but not collateral. A house and land are real - estate and can be used as collateral. A credit card is not related to securing a mortgage, and a vehicle is not real - estate for mortgage security.

Answer:

C. a house D. land