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Please help me Asap. Both mortgages and auto loans A.are riskier for lenders. B.are riskier for borrowers. C.require a down payment in general. D.require minimum payments.

William Cain

in Business

1 answer

1 answer

Curtis Rhodes on April 21, 2018

Answer: B. they are more risky for borrowersA similarity between mortgage and auto loan is that they are less risky for lenders and the risk of the borrowers. Explanation; Mortgages and car loans are examples of secured debts, in which the element that is funded becomes the guarantee of the financing. That is, for example, with a car loan, if the borrower can't make the payments on time, the loan issuer finally acquires the ownership of the vehicle. These types of loans are less risky for the lender, but are risky for the borrowers.

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