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Why are interest and fees a disadvantages?

2 Answers

1 vote

Answer:

Well advantages is that you learn to be more responsible and disadvantage is obiously

that you are lossingmoney Explanation:

answered
User Vkontori
by
8.4k points
4 votes

Answer:

Hmm. When interest rates rise, existing borrowers with lower-interest loans have the advantage. But potential borrowers are at a disadvantage in this environment because high interest rates may drive up the amount of their monthly mortgage payments, for example, beyond the threshold they can afford.

Step-by-step explanation:

<3

answered
User Olegk
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8.2k points

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