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2. How do secured loans work? - AOL

   www.aol.com/finance/secured-loans-020828573.html

   Types of secured loans. There are many types of secured loans. Five of the most common include: Mortgage: With a mortgage, you put your home or property up as collateral to buy that home.If you ...

3. Home equity loan - Wikipedia

   en.wikipedia.org/wiki/Home_equity_loan

   Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are usually, but not always, for a shorter term than first mortgages. Home equity loan can be used as a person's main mortgage in place of a traditional mortgage.

4. Home equity line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   HELOCs are usually offered at attractive interest rates. This is because they are secured against a borrower’s home and thus seen as low-risk financial products. However, because the collateral of a HELOC is the home, failure to repay the loan or meet loan requirements may result in foreclosure. As a result, lenders generally require that the ...

5. Mortgage-backed security - Wikipedia

   en.wikipedia.org/wiki/Mortgage-backed_security

   A mortgage-backed security (MBS) is a type of asset-backed security (an "instrument") which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy.

6. What is PITI? - AOL

   www.aol.com/finance/piti-170744787.html

   To finance the remaining $320,000 of the home’s price, you secure a 30-year fixed-rate mortgage. The principal, in this case, would be $320,000. The principal, in this case, would be $320,000 ...

7. Should you use your home equity to pay off high-interest debt?

   www.aol.com/finance/home-equity-loan-pay-off...

   A home equity loan — sometimes called a second mortgage — uses the equity you’ve built in your home as collateral to borrow money. That collateral unlocks access to cash at a lower interest ...