The bank gives you money in exchange for a mortgage on your house. This type of loan is called _____________.

House loans

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Mortgage

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Appliance loans

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Payday loans

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Solution

The correct option is B
Mortgage

The bank gives you money in exchange for a mortgage on your house. This type of loan is called Mortgage

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Similar questions

The house kept with the bank as mortgage acts as a security for the loan. Hence, it is ___________ to the bank

R s . 1, 80, 000

R s . 1, 00, 000

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