An online loan with a secured lender can be unsecurable.
But there’s a catch: It’s not secure.
It could be taken over by a bank, which could then use the money to pay off the loan.
A new homebuyer with a $100,000 mortgage could find that they have to pay back the lender with their home equity.
And in a way, it’s not all bad.
A secured loan can be a great way to lower your borrowing costs.
A loan secured by a lender is usually cheaper and more secure than a loan that can’t be secured by anyone.
But that can be especially useful if your bank has a high level of leverage.
You can find more about mortgage security here.
And when it comes to homebuying, the answer is usually: no.
There are good reasons why you can’t buy a home with a loan secured against the value of the property.
Here are the most common reasons why a homebuyers can’t borrow with a secure loan: You can’t afford to pay the interest