asked 91.8k views
2 votes
Sources of real estate financing include commercial banks, savings associations, credit unions, and mortgage companies.

a-True
b-False.

asked
User Eduffy
by
8.4k points

1 Answer

5 votes

Final answer:

True. Commercial banks, savings associations, credit unions, and mortgage companies are all sources of real estate financing and have related functions in financial markets. The correct option is A.

Step-by-step explanation:

Sources of real estate financing indeed include commercial banks, savings associations, credit unions, and mortgage companies. These institutions are interrelated as they all perform the function of receiving deposits and extending loans, with particular emphasis on housing-related loans for savings associations.

In the financial capital market, banks and these related institutions play a crucial role in providing capital to individuals and businesses. They require borrowers to provide details about their income sources, conduct credit checks, and may also require a cosigner or collateral to secure the loan.

answered
User Carrie Hall
by
8.8k points
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