Question

Which of the following is an example of a secured loan?

a.
home loans and home equity loans

b.
most credit cards

c.
personal loans

d.
student loans

Answer 1

Answer:

a.

home loans and home equity loans

A home equity loan is a type of loan that lets you borrow a lump sum of money by tapping the equity in your home while using your home as collateral to secure the loan.