Question

    In which type of loans mortgage is created?

    A Personal Loan Correct Answer Incorrect Answer
    B Education Loan Correct Answer Incorrect Answer
    C Housing Loan Correct Answer Incorrect Answer
    D Vehicle Loan Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    A mortgage loan, also referred to as a mortgage, is used either by purchasers of real property to raise funds to buy real estate; or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. In housing loan mortgage is created on the house purchased. 

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