Math, asked by anandaah42, 22 days ago

Choose the odd one?

A) credit
B) Mortgage
C)Debt
B)Bank​

Answers

Answered by divyanjali714
1

Concept: Mortgage is a conveyance of an interest in real property as security for the repayment of the loan.

Debit and credit both are used for purchasing something in cash.

Find: Find dd one ?

Solution: Credit, Debt and Bank

These three are related to the cash but mortgage is related to an assets.

Final answer: Odd one is Mortgage.

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Answered by jhangir789
0

Mortgage is a conveyance of an interest in real property as security for the repayment of the loan.

  • Debit and credit both are used for purchasing something in cash.

What is mortgage give example?

  • A mortgage is a loan  provided by a mortgage lender or a bank  that enables an individual to purchase a home or property.
  • While it's possible to take out loans to cover the entire cost of a home, it's more common to secure a loan for about 80% of the home's value.
  • The loan must be paid back over time.

What are the 3 types of mortgage?

  • Conventional loan, Best for borrowers with a good credit score.
  • Jumbo loan , Best for borrowers with excellent credit looking to buy an expensive home.
  • Government-insured loan, Best for borrowers who have lower credit scores and not much cash for a down payment.

Is mortgage an asset?

  • At a very basic level, an asset is something that provides future economic benefit, while a liability is an obligation.
  • Using this framework, a house could be viewed as an asset, but a mortgage would definitely be a liability.
  • Most people who own a home have a mortgage but also have equity built up in that home.

  • These three are related to the cash but mortgage is related to an assets.

Hence, Mortgage is a conveyance of an interest in real property as security for the repayment of the loan.

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