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
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
Section: Chapter Questions
Problem 10FPE
Related questions
Question
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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
Mortgage financing boomed in US after second world war, under which potential homebuyers could get loans from the banks at reasonable interest rates.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Pfin (with Mindtap, 1 Term Printed Access Card) (…](https://www.bartleby.com/isbn_cover_images/9780357033609/9780357033609_smallCoverImage.jpg)
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
![Essentials of Business Analytics (MindTap Course …](https://www.bartleby.com/isbn_cover_images/9781305627734/9781305627734_smallCoverImage.gif)
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning
![Pfin (with Mindtap, 1 Term Printed Access Card) (…](https://www.bartleby.com/isbn_cover_images/9780357033609/9780357033609_smallCoverImage.jpg)
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
![Essentials of Business Analytics (MindTap Course …](https://www.bartleby.com/isbn_cover_images/9781305627734/9781305627734_smallCoverImage.gif)
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning
![PFIN (with PFIN Online, 1 term (6 months) Printed…](https://www.bartleby.com/isbn_cover_images/9781337117005/9781337117005_smallCoverImage.gif)
PFIN (with PFIN Online, 1 term (6 months) Printed…
Finance
ISBN:
9781337117005
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning