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These mortgages are available in two appearances secured and unsecured. Borrowers can easily get benefit any one of the forms according in the direction of their convenience. With protected loans the borrower has to place collateral to the lender in order to borrow the credit amount on in opposition to it, other than in unsecured loan, no collateral is required. Since no security is necessary to avail this credit, usually the lenders accusation higher rate of interest as compare to secured mortgages.
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