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How does one get a secured loan?
We need a secured loan for some home improvement, but our bank told us don't have enough equity built up yet.
1 Answer
- Genuine GuidanceLv 710 years agoFavorite Answer
If you have no equity and were thinking of using your home as the security... you won't be getting a loan. Unless you have some other valuable asset you could put up as collateral, you will just have to either save the money for the repairs or wait until your home gains some equity. (which can take a bit of time in this real estate market!)
