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2. Common types of installment loans and their best uses - AOL

   www.aol.com/finance/common-types-installment...

   Just like personal loans, auto loans tend to offer fixed interest rates — but they are a secured debt that uses your vehicle as collateral. If you default on your loan, the bank has legal ...

3. Can you use a home equity loan to buy a rental or ... - AOL

   www.aol.com/finance/home-equity-loan-for...

   A home equity loan is a secured loan that uses your home as collateral. Secured loans typically offer lower interest rates than unsecured loans, like personal loans. The less interest you owe on a ...

4. Home equity loan or HELOC vs. cash-out mortgage refinance - AOL

   www.aol.com/finance/home-equity-loan-heloc-vs...

   Amount owed on primary mortgage + second mortgage(s) ÷ appraised home value . Let’s say you owe $60,000 on your first mortgage and want to open a HELOC for up to $15,000. Your home is worth ...

5. 4 ways to get equity out of your home — and what to know ...

   www.aol.com/finance/how-to-get-equity-out-of...

   A home equity loan is a fixed-rate loan that allows you to use your home’s equity as collateral. You receive the loan money as one lump sum and pay it back over a series of set monthly payments.

6. Fact vs. fiction: Top 8 common home equity myths — debunked

   www.aol.com/finance/home-equity-myths-debunked...

   Reverse mortgages — Type of loan for homeowners ages 62 and older to borrow against their home equity, using their home as collateral — yet instead of you repaying the lender, the lender pays ...

7. Collateral (finance) - Wikipedia

   en.wikipedia.org/wiki/Collateral_(finance)

   In a typical mortgage loan transaction, for instance, the real estate being acquired with the help of the loan serves as collateral. If the buyer fails to repay the loan according to the mortgage agreement, the lender can use the legal process of foreclosure to obtain ownership of the real estate.