Relationship Between Credit Scores & Interest Rates. Your credit score directly affects the interest rate you must pay for credit cards, car loans, and mortgages. A 100-point increase in your rating can translate into $70,000 in savings for the average borrower over his or her lifetime
Mortgage collateral is the asset that secures the mortgage loan. Traditionally, the mortgage collateral is the asset the loan finances. If you fail to make payments to your lender on the loan, your lender has the option to claim ownership of the property due to its security interest.
Answer:
Conjecture
Disjunction
Counterexample
Conjunction
Inductive reasoning
Conditional
Step-by-step explanation:
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