Secured vs. Unsecured Loan Loans could be secured or unsecured. Mortgages and motor vehicle loans are secured loans, as They may be each backed or secured by collateral. In these scenarios, the collateral would be the asset for which the loan is taken out, Therefore the collateral for a mortgage https://paxtontgsep.popup-blog.com/28391135/the-5-second-trick-for-loan-term