Mortgages are secured loans. A secured loan is guaranteed by collateral (some thing the lender might take if you fail to repay the loan. On a mortgage, the real estate may be the collateral. Collateral lowers the risk for the lender, and in turn the lender can charge less for https://loancalculator78888.blogocial.com/top-latest-five-loan-usury-urban-news-64237305