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16 October, 13:02

a loan used to purchase a home is usually known as what? A. a life loan B. a mortgage C. a direct loan D. a renters home

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  1. 16 October, 14:45
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    b. mortgage
  2. 16 October, 15:18
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    A loan used to purchase a home is known as B. a mortgage. A mortgage is what is paid each month on a house loan. Most mortages are over a 30 year period and after the 30 years, the home loan is paid off.
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