Mathematics

Question

The house in relationship to its mortgage is considered

0 Comment.

1 Answer


File Size: 23.8 MB
File Type: PDF / ePub
Uploaded on: 2024-01-18 05:10:00

READ ANOTHER ANSWER

Last checked: 1 hours 14 minutes ago!

Rating: 4.6/5 from 2955 votes.

  • Answer:

    collateral

    Step-by-step explanation:

    The house is collateral for the mortgage loan. Fail to pay the loan, and the collateral is repossessed. In the case of a mortgage this process is called foreclosure.