Mortgage Information | Student Loans | Auto Loans
Mortgage and Loan Terms Glossary | Doc Loan Home
 
Free Loan Advice and Financial Information  
 
Browse by Letter
   
   
   
   
   
   
   
   
   
   
 

Loan and Mortgage Terms Glossary

Collateral:

Something of value pledged as security for a loan. In mortgage lending, the property itself serves as collateral for a mortgage loan. In a home loan, the property is the collateral. The borrower risks losing the property if the loan is not repaid according to the terms of the mortgage or deed of trust. Also one of the Five "Cs" used in determining a loan applicant's credit worthiness.


 
     
 
Contact | Advertising Information | Other Resources

Copyright 2002-2006 DocLoan.com