Unsecured Loan at Mortgage Glossary

What is it? Any loan that is not backed by collateral.

Mortgage Dictionary Term Added By: Christian

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Other Similar Mortgage Terms:

Mortgage Term Commitment is 1. A pledge to do a certain act, such as a promise by a lender to loan a certain amount of money at a specific rate of interest to a qualified borrower, provided the loan is made by a certain date. 2. Also refers to an agreement by a title insurance compa

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