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The most common secured loans are home loans and car loans. In these examples, the lender retains the deed or title, that is a representation of ownership, right until the secured loan is fully compensated. Defaulting over a mortgage loan usually leads to the financial institution foreclosing on a house, whilst not spending an automobile loan means

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The commonest secured loans are mortgages and auto loans. In these examples, the lender holds the deed or title, which can be a illustration of possession, until eventually the secured loan is fully paid. Defaulting with a house loan commonly ends in the financial institution foreclosing on a house, although not paying a car loan implies that the l

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