Types Of Secured Loans

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Posted on February 26, 2019 at 14:29 PM

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Loan - Wikipedia
A secured loan is a loan in which the borrower pledges some asset (e.g. a car or house) as collateral.. A mortgage loan is a very common type of loan, used by many individuals to purchase residential property. The lender, usually a financial institution, is given security – a lien on the title to the property – until the mortgage is paid off in full.
Unsecured Loans vs Secured Loans | MoneySuperMarket
Secured and unsecured loans are very different beasts and knowing the difference between the two is vital before you make any application.
Personal Loans 101 | Types of Loans | GOBankingRates
Secured Personal Loans. When an unsecured personal loan isn’t an option for you, a secured loan might be. Secured loans are granted if you have an asset — such as a CD, stock, boat or car — to borrow against and use as collateral.

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