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taurus [48]
2 years ago
7

What is a common major type of debt? ​

History
1 answer:
expeople1 [14]2 years ago
3 0

Answer:

Mortgages are the most common and largest debt many consumers carry. Mortgages are loans made to purchase homes, with the subject real estate serving as collateral. A mortgage typically has the lowest interest rate of any consumer loan product, and the interest is often tax-deductible for those who itemize their taxes.

Explanation:

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