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22 January, 09:24

What type of loan uses real estate for security

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  1. 22 January, 09:40
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    a second mortgage

    Explanation:

    D
  2. 22 January, 09:41
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    Whenever you borrow money and pledge your home or other real property as collateral, you have received a real estate secured loan. You sign a promissory note evidencing your promise to repay the loan, but you also offer security in the form of real estate to "encourage" an approval. First and second mortgage loans, along with home equity lines of credit, are common examples of real estate secured loans.
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