5d2dtjynhx
Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Semaj recently got approved for a $350,000 mortgage loan. What type of consumer credit is his mortgage loan?

A. installment
B. investment
C. expense
D. revolving

Sagot :

GinnyAnswer

Final answer:

Semaj's mortgage loan is categorized under installment credit.


Explanation:

Installment credit is the type of consumer credit that Semaj's mortgage loan falls under. An installment credit is a loan with a fixed number of payments, while a mortgage loan typically involves regular payments over an extended period to pay off a home loan.


Learn more about consumer credit here:

https://brainly.com/question/29632930


We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.