Mortgages are secured loans. A secured loan is certain by collateral (something the lender will take in case you fail to repay the loan. With a mortgage, the property is the collateral. Collateral lowers the risk for that lender, and subsequently the lender can cost fewer with the loan. Nathan https://debt-consolidation-loan33333.ja-blog.com/28175274/indicators-on-loan-credit-you-should-know