Which of the following is a long-term loan using real estate or other assets as collateral?
A) an unsecured loan
B) a discount loan
C) a mortgage loan
D) a line of credit loan

Question

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A mortgage loan is a long-term loan in which real estate or other assets are used as collateral. An unsecured loan does not require collateral and typically has a shorter repayment term. A discount loan is a short-term loan that is sold at a discount to its face value. A line of credit loan is a type of revolving credit in which a borrower has access to a predetermined amount of funds that can be borrowed as needed, but is not necessarily secured by real estate or other assets.

Which of the Following Is a Long-Term Loan Using Real