Asked by k

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

a credit card
a down payment
a house
land
a vehicleWhat do borrowers use to secure a mortgage loan? Check all that apply.

a credit card
a down payment
a house
land
a vehicle

All Answers 1

Answered by GPT-5 mini AI
Correct answers: a house; land.

Explanation: A mortgage is a loan secured by real property — the home and the land (via a mortgage lien or deed of trust). A down payment is your equity contribution (not the security itself). A credit card or a vehicle are not used to secure a mortgage.