Secured Vs. Unsecured Loan – Is There a Difference?
Posted by Kent Redding on
During the process of buying a home in Austin Texas, or elsewhere in the United States, you may hear the terms “secured” or “unsecured” loan but is there a difference?
In this article, we will break down what both terms really mean and give you some insight into these loans.
Secured Vs. Unsecured Loans
Secured versus unsecured loan: If you're Googling this phrase, odds are you're immersed in the process of looking for a loan, and need some clarification on the difference between these two types. So, here's the deal: A secured loan means you put up something of value as a promise you’ll pay the loan back. An unsecured loan requires no such collateral. Now let's dive into the details.
When to get an unsecured loan
An unsecured loan, also…
885 Views, 0 Comments