which statement is true of both mortgages and auto loans?\nthey are riskier than student loans for…

which statement is true of both mortgages and auto loans?\nthey are riskier than student loans for lenders.\nthey do not require a minimum payment.\nthey are secured loans and generally require a down payment.\nthey have higher interest rates than credit cards.

which statement is true of both mortgages and auto loans?\nthey are riskier than student loans for lenders.\nthey do not require a minimum payment.\nthey are secured loans and generally require a down payment.\nthey have higher interest rates than credit cards.

Answer

Brief Explanations:

Mortgages and auto - loans are secured by the property (house for mortgage, car for auto - loan). Lenders often require a down payment to reduce their risk. Student loans are generally less risky for lenders as they are often government - backed or have special protections. Both mortgages and auto - loans require a minimum payment. Credit cards usually have higher interest rates than mortgages and auto - loans.

Answer:

They are secured loans and generally require a down payment.