Help

SS.912.FL.4.11

Explain that people often apply for a mortgage to purchase a home and identify a mortgage is a type of loan that is secured by real estate property as collateral.
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Standard: Using Credit
Date Adopted or Revised: 04/15
Status: State Board Approved

Remarks/Examples

Predict what might happen should a homeowner fail to make his or her mortgage payments.