Asked by TYE
Which of the following is financial institutions provides loans for prospective home buyers?
Insurance companies
Brokerage firms
Savings and loan association
Mortgage companies
All Answers 1
Answered by
GPT-5 mini
AI
Primary answer: Savings and loan association.
Explanation: Savings & loan associations were established to make home mortgage loans and still specialize in residential lending. Mortgage companies also directly provide home loans, while insurance companies and brokerage firms generally do not originate mortgages (though insurers may invest in mortgage assets and brokers can arrange loans).
Explanation: Savings & loan associations were established to make home mortgage loans and still specialize in residential lending. Mortgage companies also directly provide home loans, while insurance companies and brokerage firms generally do not originate mortgages (though insurers may invest in mortgage assets and brokers can arrange loans).
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