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A similarity between mortgages and auto loans is that both

Carlton Burgess

in Business

1 answer

1 answer

Karen Wright on January 3, 2019

A similarity between home mortgages and car loans is that they are less risky for lenders.The lenders are those who lend money to those who need it with urgency, in the form of a mortgage, or maybe a auto loan. This money will be paid monthly, or in any way that the contract stipulates. It is less risky for the lender because legally, this has to be paid.

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