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 Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter5: Probability: An Introduction To Modeling Uncertainty
Section: Chapter Questions
Problem 6P: More than 40 million Americans are estimated to have at least one outstanding student loan to help...
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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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