Lindsay took out a(n) to purchase her new home. she used in the form of the property to back the loan. lindsay also paid money i

Question

2 years ago

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n advance. this is known as a(n) . if lindsay does not make her loan payments on time, the bank will most likely .

1 answer:

Andre45 [30] · Answer 1 · 2023-07-13T20:35:59+03:00

The bank will most likely be filled with the following:

A loan is a sum of money, borrowed from a financial institution usually a bank or credit union to meet certain obligations.

The following statement should be considered:

Lindsay took out a Mortgage Loan to purchase her new home.
She used collateral in the form of the property to back the loan.
Lindsay also paid money in advance. This is known as a Down payment.
If Lindsay does not make her loan payments on time, the bank will most likely seize her home.

Learn more about loan here : brainly.com/question/12481147

Hence, the bank will most likely be filled with Mortgage loan, collateral, Down payment, seize her home.

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