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Is a mortgage considered a consumer loan?
Yes, a mortgage is considered a consumer loan because it is a type of loan that individuals take out to purchase a home or real estate property.
Is high liquidity beneficial for investments?
Yes, high liquidity is beneficial for investments because it allows for easier buying and selling of assets, which can help investors quickly react to market changes and access their funds when needed.
What role do interest rates lay in mounting consumer debt?
High interest rates play a role in mounting consumer debt. When interest rates are high, more of a person's payment is being applied to interest versus principal. Because of this, it takes the consumer longer to payoff their debt.
Why is Aadhaar not available against UAN and how can I seed Aadhaar through my employer?
Aadhaar is not available against UAN (Universal Account Number) because of privacy concerns and data protection regulations. You can seed Aadhaar through your employer by providing them with your Aadhaar number and linking it to your UAN in the EPFO portal. This process helps in authenticating your identity and ensuring seamless access to various government services.
What is the mission statement of Mortgage Protection Insurance Services?
The mission statement for Mortgage Protection Insurance Services does not exist because this is not a company, it is a type of service banks offer. Mission statements will vary between banks.
