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1. Which type of loan most often involves long-term repayment over 30 years? A. auto loans B. credit cards C. mortgage loans D. personal loans

Jodi Brooks

in Social studies

1 answer

1 answer

Kyle Mckinney on March 26, 2018

The correct answer is: "mortgage loans". The mortgage loans are debt instruments that are used by clients when they want to make large real estate purchases of real estate and who do not have the total amount of money necessary to give his former owner, to the front. This type of loan is usually reimbursed with interest, over a long period of time, which usually lasts between 20 to 40 years. Usually a guarantee is required to make a loan.

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