150k views
19 votes
Why are most personal loans much smaller than mortgages and home equity loans?.

User Yuli Chika
by
4.7k points

1 Answer

3 votes

Answer:

Most personal loans are smaller than mortgages and equity loans because the percentage of the interest rate on a home is higher than that of a personal loan.

Explanation:

User Rajagopalan
by
4.5k points