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Please answer these questions in 60+ words. 1(a). What is a mortgage? List and describe the different types of mortgages. (b). Why is it best

Please answer these questions in 60+ words. 1(a). What is a mortgage? List and describe the different types of mortgages. (b). Why is it best for both the lender and borrower if the borrower puts down 20% of the purchase price of real estate? (c). Why are some loans backed by the government and some are not? (d). What was the cause of the housing crisis? What could be the fix?

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