lindsay took out a(n) to purchase her new home she use in the form of the property to back the leon lindsay also paid money in a

Question

Tasya [4]

3 years ago

11

lindsay took out a(n) to purchase her new home she use in the form of the property to back the leon lindsay also paid money in a

dvance this is known as a(n) if lindsay dose not make her loan payment on time the bank will most likely

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2 answers:

Afina-wow [57] · Answer 1 · 2022-08-03T15:27:42+03:00

Afina-wow [57]3 years ago

6 0

Answer: Lindsay took out a Loan to purchase her new home. Lindsay also paid money in advance this is known as a down payment. If Lindsay dose not make her loan payment on time the bank will most likely foreclose.

garik1379 [7] · Answer 2 · 2022-08-03T17:45:12+03:00

Answer:

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.