Yahoo India Web Search

Search results

  1. People also ask

  2. May 13, 2024 · Collateral refers to an asset that a borrower offers as a guarantee for a loan or debt. For a mortgage (or a deed of trust, exclusively used in some states), the...

    • David Mcmillin
  3. Feb 15, 2024 · Collateral is an asset that a borrower uses to secure a loan from a lender. When you take out a mortgage loan, your home is used as collateral. This means that if you default on your loan payments, the lender can take possession of your home through a legal process known as foreclosure.

  4. Feb 23, 2024 · Collateral is an item of value pledged to secure a loan. Collateral reduces the risk for lenders. If a borrower defaults on the loan, the lender can seize the collateral and sell...

    • Julia Kagan
  5. Sep 29, 2023 · Collateral is a valuable asset pledged by borrowers to secure a loan. It acts as a form of protection for the lender, mitigating the risk involved in lending, especially when the borrower may default.

  6. Aug 16, 2023 · Collateral is a key part of a mortgage loan. It is how your mortgage lender protects itself against people borrowing money and not paying it back. Broadly speaking, loans fall into two...

  7. Nov 20, 2023 · Collateral refers to an asset that a borrower offers as a guarantee for a loan or debt. For a mortgage (or a deed of trust, exclusively used in some states), the...