Question: What is the single most important difference between a personal loan and a mortgage? What interest rates does your bank or lending institute charge for

What is the single most important difference between a personal loan and a mortgage? What interest rates does your bank or lending institute charge for each. Why are interest rates generally higher for personal loans?

 

How much interest would you pay on a new vehicle that costs $35,000 with $5,000 down and at an interest rate of 2.55% over a 60 month period?

 

What informed conclusion have you come to regarding their use?

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