Not all loans are created equal. ⚖️
Here's how different loan types stack up:
🏠 Mortgage Loans
• Long-term (15-30 years)
• Secured by property
• Lower interest rates
• For home purchases
🚗 Auto Loans
• 3-7 year terms
• Secured by vehicle
• Fixed rates are common
• For vehicle purchases
🎓 Student Loans
• 10-25 year terms
• Often government-backed
• Income-based repayment options
• For education costs
💳 Personal Loans
• 1-7 year terms
• Unsecured
• Higher interest rates
• Flexible use
How to pick what's right for you:
1. Match the loan to your goal
2. Check your credit score first
3. Compare interest rates across lenders
4. Calculate total repayment amount
5. Read the fine print on fees
The best loan fits both your immediate need AND your long-term financial picture.
Which type are you considering? Let's talk through your options.
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