What does the question "is the mortgage or home loan secured on your home" mean?
Answers:
Well it means that if the mortgage or home loan you took out, Is it secured on your home.
Meaning that if you had problems paying and got into so much arrears that they would take your home from you.
Is the property pledged as support for the loan; can the lender foreclose on the property if you don't make the payments.
99.9% yes.
If you dont keep up repayments then they can take your home off of you.
It means that if you fail to keep up repayments then the lender has the right to repossess your house. It's basically the lenders insurance policy that guarantees them something back if you stop paying.
It means do you have a mortgage or loan which has your home as security, ie if you failed to repay the loan, would the lender be able to reposess your home?
its means if you dont pay it will the bank take your house away?
It means thy are safe in lending money .IF YOU DEFAULT on you payments thy will sell your home too get their money back if the sale doesn't bring in enough then you are still in debt
It means that if you don't pay or are unable to pay off the loan he company can take your house away from you and use that as payment!
It means will you lose the home if you do not pay the debt. Some times people will get loans to buy a house from family or friends that are towards buying the house, but are not secured by the house.
oh ok .. i got this for you...
better check it out, im pretty sure you'll discover something...
http://www.home-loan-made-ez.com/...
The Secured Loan information post by website user , LoanSecuredLoan.com not guarantee correctness.