Question

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

Answer 1

The bank will most likely be filled with the following:

• Mortgage loan
• Collateral
• Down payment
• Seize her home.

What is a loan?

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:

1. Lindsay took out a Mortgage Loan to purchase her new home.
2. She used collateral in the form of the property to back the loan.
3. Lindsay also paid money in advance. This is known as a Down payment.
4. 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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