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A homeowner loan is a secured loan designed specifically for homeowners.  The difference between a homeowner loan and a secured loan is that a homeowner loan requires that the borrower put down home equity or the property itself as collateral, while a secured loan can, in theory, be secured by any valuable asset.  In exchange for the collateral, homeowner loans come with lower interest rates than most other personal loans.

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  Part 1: About your loan

 
 
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS
ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Agreement text for Media Ingenuity 3rd Floor, Gensurco House, 46a Rosebery Avenue, London UK  Tel 02078417310