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24 July, 02:33

A similarity between mortgages and auto loans is that both

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  1. 24 July, 02:54
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    A similarity between mortgages and auto loans is that both are less risky for lenders.

    Lenders are the ones who lend money to those who need it urgently, in the form of a mortgage, or perhaps an auto loan. This money is going to be repaid monthly, or in whatever way the contract stipulates. It is less risky for the lender because legally, this has to be repaid.
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