Secured vs. Unsecured Loan Loans might be secured or unsecured. Mortgages and vehicle loans are secured loans, as They are really equally backed or secured by collateral. In these instances, the collateral is definitely the asset for which the loan is taken out, Therefore the collateral for a mortgage is https://loan-term13333.blogrenanda.com/34753631/5-simple-statements-about-loan-underwriting-explained