A consumer loan meant to help people pay for a home in small installments over many years is a: A. payday loan
B. student loan
C. mortgage
D. line of credit
A consumer loan meant to help people pay for a home in small installments over many years is a:
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The correct answer is C. mortgage.
A mortgage is a type of consumer loan specifically designed to finance the purchase of a home, allowing individuals to make payments in small installments over a long period, typically 15 to 30 years. This allows buyers to afford a home by spreading out the cost over time. If you have more questions or need further assistance, feel free to ask! Check the extended services page for in-depth help.