Consolidating secured unsecured loans

30-Mar-2019 16:40

consolidating secured unsecured loans-68

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Secured loans used to be a very popular way to borrow with incessant ads on daytime TV, but the market imploded during the financial crisis.

But once the mortgage lender had been paid off, your secured loan provider would be next to receive payment from the sale proceeds.The difference between those two numbers is £200,000, so you have equity worth £200,000 in your home.

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