Obtaining loans for home improvement in their area

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John and Mary lived in the area assigned a D grade and the color red by the Homeowner Loans Corporation (HOLC). They Responses were considered low-risk borrowers and able to obtain affordable loans to purchase homes in any area. were considered low-risk borrowers and able to obtain affordable loans to purchase homes in any area. were eligible for low-interest loans to purchase homes only in their area. were eligible for low-interest loans to purchase homes only in their area. had difficulty obtaining loans for home improvement in their area or mortgage to buy homes in other areas. had difficulty obtaining loans for home improvement in their area or mortgage to buy homes in other areas. could obtain interest-free loans for home improvement only from the banks in their area.

Reference no: EM133614677

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