Secured vs. Unsecured Loan Loans is usually secured or unsecured. Mortgages and car loans are secured loans, as They're each backed or secured by collateral. In these instances, the collateral may be the asset for which the loan is taken out, Therefore the collateral for any mortgage is the home, https://loan-credit42333.bcbloggers.com/28427429/the-2-minute-rule-for-loan-mortgage