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For example, if you borrow a mortgage for your house, your mortgage is a "secured" loan in which your home is the collateral. If you default on your mortgage, your lender will then own your home. The.
We liked the post on Ilyce’s website regarding refinancing a home equity loan. We live in Texas and have a 15-year home equity loan with an approximate loan to value ratio of just about 50 percent. In.
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