Secured Loans

 

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A Secured Loan is named as such, because the value of it is secured against your home.: 

The amount borrowed is secured against your home, this is why these type of loans are sometimes referred to as "homeowner loans".

You must always ensure that you can afford to make the repayments of a loan before taking it out, as if you were to run into difficulty you could loose your home.

 

 

 

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