When Someone Takes Out a Mortgage Loan to Buy a House,the

question 55

Multiple Choice

When someone takes out a mortgage loan to buy a house,the mortgage lender can take possession of the house and sell it if the borrower defaults by failing to make payments on the loan because the house is being pledged as ________ for the loan.

• A)goodwill
• B)a liability
• C)insurance
• D)collateral

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