How did the introduction of mortgage financing help shape American cities after WWII? Group of answer choices Encouraged banks to open in downtown environments thus revitalizing American city centers Gave potential homebuyers loans as long as they could put 20%, and sometimes less as a down payment Gave potential homebuyers loans as long as they could put at least 50% of the cost of the house toward a down payment Encouraged home builders to construct homes in downtown areas, especially condos and town homes
How did the introduction of mortgage financing help shape American cities after WWII? Group of answer choices Encouraged banks to open in downtown environments thus revitalizing American city centers Gave potential homebuyers loans as long as they could put 20%, and sometimes less as a down payment Gave potential homebuyers loans as long as they could put at least 50% of the cost of the house toward a down payment Encouraged home builders to construct homes in downtown areas, especially condos and town homes
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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How did the introduction of mortgage financing help shape American cities after WWII?
Group of answer choices
Encouraged banks to open in downtown environments thus revitalizing American city centers
Gave potential homebuyers loans as long as they could put 20%, and sometimes less as a down payment
Gave potential homebuyers loans as long as they could put at least 50% of the cost of the house toward a down payment
Encouraged home builders to construct homes in downtown areas, especially condos and town homes
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Mortgage financing boomed in US after second world war, under which potential homebuyers could get loans from the banks at reasonable interest rates.
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