Mortgages are secured loans. A secured loan is guaranteed by collateral (some thing the lender usually takes if you fail to repay the loan. On a mortgage, the property may be the collateral. Collateral lowers the danger for the lender, and consequently the lender can demand significantly less for that https://autoloancalculator78887.p2blogs.com/27616044/the-best-side-of-loan-consolidation