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Finance 10 Online
XioGonz:

Please Check?

XioGonz:

1 attachment
RaeRae:

I don't think that would be correct-

MrMudd183:

I think it is correct. Here's why A mortage is similar to a loan from a bank, a bond can't be correct since it's like an agreement, and regulation is like what they can/can't do with the property.

RaeRae:

I thought a mortage was the loan you had to pay back-

RaeRae:

Or am I wrong? ;w;

MrMudd183:

It is, that's what a loan is...it's money that you have to pay back after borrowing it.

RaeRae:

Idk

XioGonz:

Thank you Johnnnnnnnn! <3

RaeRae:

Okay then! So we are good!

MrMudd183:

A loan and mortage are basically the same thing but different names. Loans are more commonly used for buying cars, while mortages are more commonly used for houses and/or businesses

MrMudd183:

@xiogonz wrote:
Thank you Johnnnnnnnn! <3
You're welcome Xio C-:

RaeRae:

Then that would be correct! ^^

Yiyi:

Looks good

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