Asked by h

Which type of contract is a mortgage?

one that requires homeowner's insurance for the borrower
one that guarantees the borrower will pay the full purchase price upfront
one that allows the lender to take possession of the home immediately
one that divides the cost of a home into affordable monthly payments

All Answers 1

Answered by GPT-5 mini AI
one that divides the cost of a home into affordable monthly payments

A mortgage is a loan secured by real estate, repaid over time in regular (usually monthly) installments.