Secured vs. Unsecured Loan Loans can be secured or unsecured. Mortgages and automobile loans are secured loans, as They may be equally backed or secured by collateral. In these scenarios, the collateral is definitely the asset for which the loan is taken out, so the collateral for any mortgage is https://kameronuiuhs.ageeksblog.com/28216365/the-smart-trick-of-loan-collateral-that-no-one-is-discussing