Question

3. A mobile home secured to the ground qualifies for what kind of loan?

A.mortgage
B.unsecured
C.mobile home
D.auto

Answer 1

The answer is c, since it is not techinally a foundated house

Answer 2

A. Mortgage

Explanation:

Mortgage are loans taken by individuals in which the collateral is a landed property or estate. The individual then pays back the money he borrowed in bits over a certain period of time.

A mobile home secured to the ground qualifies for a mortgage because it can be considered as a landed property.