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What is a loan from the government 2024?
government
loan loan
Questioner:Benjamin Evans 2023-05-07 09:38:00
The most authoritative answer in 2024
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Ethan Carter——Works at Google, Lives in Mountain View. Holds a degree in Computer Science from Stanford University.
A
government-backed
loan is a
loan subsidized by the
government, which protects lenders against defaults on payments, thus making it a lot easier for lenders to offer potential borrowers lower interest rates. Its primary aim is to make home ownership affordable to lower income households and first-time buyers.
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