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julia-pushkina [17]
3 years ago
11

Heather and Joe want the lowest interest rate for their residential mortgage. which financial institution is designed to offer l

ow interest rates on residential mortgages?
Computers and Technology
1 answer:
Reil [10]3 years ago
6 0
The answer is Nonbank Financial institutions – Savings and Loans association or better known as S&Ls.

S&Ls focus strongly on residential mortgages. By law, they need to invest 65% of their assets or more in residential mortgages. Savings and Loan associations resembles banks or credit unions in many aspects, but is always for profit.







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