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

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

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

Answer

Answer:

They are secured loans and generally require a down payment.

Brief Explanation:

Mortgages and auto - loans are secured by property (house or car). They usually need a down payment. Student loans are often unsecured and less risky for lenders in some cases. Both require minimum payments. Credit cards usually have higher interest rates.