Florida Real Estate Exam

Category - Florida

Of the following, which would be the least likely place to acquire a loan on a single family residence?

  1. Bank
  2. Savings and loan
  3. Insurance company
  4. Mortgage company
Explanation
Answer C - Insurance companies prefer to make large loans on commercial or industrial complexes. Banks, savings and loan associations, and mortgage companies are the more common sources of home loans.

Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz