In general, any form of property that may be sold or conveyed may be mortgaged.

Question

Quizplus · Accepted Answer

This statement is true. Almost any form of property that can be sold or conveyed can be used as collateral for a mortgage loan. This includes real estate, vehicles, and other assets that have some value and can be legally owned and transferred. The specific requirements for a mortgage may vary depending on the type of property and the lender's policies, but in general, a mortgage is a viable option for many types of property owners who need to secure funding for various purposes.

In General, Any Form of Property That May Be Sold