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Vikki [24]
3 years ago
8

A home mortgage is considered a secured loan because it is backed by __________.

Business
1 answer:
Ierofanga [76]3 years ago
8 0
<span>It is backed by collateral, and in this case since it is a home mortgage, the collateral is your home. That means that if you don't pay your loan monthly payments on time or don't pay them at all, then they can take your home away and you can end up on the streets. That's why it is secured, it is secured for the bank, not for you.</span>
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All through a monetary increase, automated stabilizers enable the government to chill off expansion or even fight inflation. while earnings fall, the identical stabilizers can position cash returned in the machine by means of tax refunds, welfare assessments, and other strategies to permit huge quantities of government spending.

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When preparing responses to behavioral interview questions such as the following, you can organize your ideas according to the STAR format.

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