which statement is true of both mortgages and auto loans?\no they are riskier than student loans for…

which statement is true of both mortgages and auto loans?\no they are riskier than student loans for lenders.\no they do not require a minimum payment.\no they are secured loans and generally require a down payment.\no they have higher interest rates than credit cards.

which statement is true of both mortgages and auto loans?\no they are riskier than student loans for lenders.\no they do not require a minimum payment.\no they are secured loans and generally require a down payment.\no they have higher interest rates than credit cards.

Answer

Answer:

They are secured loans and generally require a down payment.

Brief Explanations:

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