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lindsay took out a(n) to purchase her new home she use in the form of the property to back the leon lindsay also paid money in advance this is known as a(n) if lindsay dose not make her loan payment on time the bank will most likely ​

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Answer:

Lindsay took out a Mortgage Loan to purchase her new home.

She used collateral in the form of the property to back the loan.

Lindsay also paid money in advance. This is known as a Down payment.

If Lindsay does not make her loan payments on time, the bank will most likely seize her home.

The missing word should be filled with Mortgage loan, collateral, Down payment, seize her home.

The following statement should be considered:

  • Lindsay took out a Mortgage Loan to purchase her new home.
  • She used collateral in the form of the property to back the loan.
  • Lindsay also paid money in advance. This is known as a Down payment.
  • If Lindsay does not make her loan payments on time, the bank will most likely seize her home.

Learn more: brainly.com/question/17429689

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