answersLogoWhite

0

Only as long as the combined value of the loans is less or equal to the estimated value of the collateral.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What is property used to secure a loan?

Collateral


What is the noun of collateral?

Collateral is an adjective that is frequently used elliptically as a noun. The bank wanted collateral (property) to secure the loan. It is understood that the property is offered collaterally to secure the loan so the noun 'property' is omitted.


How do you use the word collateral in a sentence?

We put up our house as collateral for the loan.


Where can you obtain an application for an SBA loan?

You can obtain an application for an SBA loan from the banking institution in which you are trying to secure a loan. The best thing to do is to go to the bank and speak with a bank agent.


What are some examples of collateral that can be used to secure a loan?

Examples of collateral that can be used to secure a loan include real estate, vehicles, stocks, bonds, and valuable possessions like jewelry or art.


What provides collateral to secure a car loan?

car


Is suntrust online banking secure?

Yes, Suntrust online banking is dependable and secure. As with any online banking, you are dealing through secure servers and encrypted information. That being said, nothing is completely foolproof, and I personally prefer to do my banking in person.


Where can one learn more about their finances and credit score?

One can learn more about their finances and their credit score in two ways - either online, or through their banking institution. One's personal banking institution is the safest and most secure option to learn about one's finances and credit score, since online credit checks are subject to scams and phishing schemes.


What makes a secure loan secure?

A secured loan is made secure by collateral. This means that you need to offer something of value such as a house or car to qualify for the money loaned to you. If you fail to repay the loan as agreed, the collateral will be taken by the loan provider as payment instead.


How secure is Harris Online Banking?

Harris Online Banking is possibly the safest and most secure way of Online Banking, you can find more information online at their website also you can ask at your local bank


How secure is Lloyds TSB Internet Banking?

Lloyds TSB Internet Banking can be counted on to be quite secure, since that is a large part of their job. However, it would be wise to stay vigilant when using Internet Banking.


Why do people need banking?

To secure money for their future,