Nicole and Jesse are looking to purchase their first home. What is the name of the loan they will secure to buy their house?

Question

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A mortgage is a loan made so that a business or individual can purchase real estate, typically a home; the real estate itself is pledged as a guarantee (called collateral) that the buyer will repay the loan. Savings and loan associations (S&Ls), often called "thrifts,"
are financial institutions that primarily offer savings accounts and make long-term loans for residential mortgages.

Nicole and Jesse Are Looking to Purchase Their First Home