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

Question

Quizplus · Accepted Answer

A mortgage loan is a long-term loan that uses real estate or other assets as collateral. It is typically used to finance the purchase of a home or real estate property. An unsecured loan does not require any collateral, a discount loan is a short-term loan, and a line of credit loan is a flexible loan that can be used on an ongoing basis.

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