What is a secured mortgage?

Answer Secured transactions are transactions in which a creditor has a security interest in property held by the debtor. A common form of a secured transaction is a mortgage, in which the bank or mortgage... Read More »

Top Q&A For: What is a secured mortgage

What is the difference between a secured loan and a mortgage?

A secured loan is a type of debt that has some type of collateral attached to it. A mortgage is a secured loan collateralized by a house. A secured loan can be collateralized by any asset, from cas... Read More »

What Do Mortgage Companies Charge When a Home Mortgage Is Paid Off?

Selling or refinancing a home usually involves paying off an existing mortgage. In calculating a payoff, which will satisfy and zero out the balance, all unpaid fees and interest must be included, ... Read More »

What is the difference between a mortgage and a second mortgage?

A mortgage is a home loan. There are numerous types of home loans. However, the two most often procured are first and second mortgages. Each type of mortgage has different rules and regulations.Sig... Read More »

What are secured loans?

When applying for a loan, banks and other financial institutions offer a variety of products to choose from, including secured loans. This type of borrowing uses collateral as a guarantee for repay... Read More »