Secured vs. Unsecured Loan Loans may be secured or unsecured. Mortgages and automobile loans are secured loans, as They can be both equally backed or secured by collateral. In these circumstances, the collateral would be the asset for which the loan is taken out, Hence the collateral for your mortgage https://loanmortgage78889.blog2freedom.com/28821569/little-known-facts-about-loan-guarantor