Loans: Types and How They Work (Student, Auto, Mortgage)
Whether you're heading to college, buying your first car, or finally moving into your dream home, chances are you’ll need a loan at some point in life. Loans can open doors to opportunities you might not be able to afford upfront, but they also come with responsibilities. In this guide, we’ll explore the most common types of loans—student loans, auto loans, and mortgage loans—and break down how each one works.