Secured vs. Unsecured Loan Loans might be secured or unsecured. Mortgages and car or truck loans are secured loans, as These are both equally backed or secured by collateral. In these conditions, the collateral is the asset for which the loan is taken out, so the collateral for a mortgage https://emilionbcuf.blogadvize.com/35532973/what-does-loan-underwriting-mean