Business / Debt / Secured Loan: A loan which is backed up by assets belonging to the borrower (normally property) in order to decrease the risk taken on by the lender. Mortgages and some personal loans are secured loans. If you don't maintain your repayments, your property can be at risk of repossession.
Business / Loan / Home Equity Loan: A loan made to a current homeowner that is secured by the equity in the home. MORE
Business / Debt / Unsecured Loan: An unsecured loan is a loan where the lender has no entitlement to any of the borrower's assets in the event of the borrower failing to make the loan repayments. Such a loan normally carries a higher MORE
Business / Real Estate / Portfolio Loan: A loan originated and maintained by the lender and not sold in the secondary mortgage market. MORE
Business / Loan / Prime Loan: A loan offered to borrowers with better credit history (sometimes called 'A' loans). Prime loans generally are priced lower and cost the borrower less. MORE
Business / Finance / Project Loan Certificate (PLC): A primary program of Ginnie Mae for securitizing FHA-insured and coinsured multifamily, hospital, and nursing home loans. MORE