What Is A Personal Loan? | Rocket Loans A personal loan gives a borrower a lump sum of cash to use as they see fit Learn what exactly a personal loan is, how it works and some of its top benefits
What are collateral loans? - Rocket Loans What collateral is used for loans? Traditional banks, credit unions, and private lenders typically accept a variety of items and assets as collateral Common types of collateral include: Real estate property If you default on a loan secured by your property’s equity, the lender can repossess it Mortgages, home equity loans, and home equity lines of credit (HELOCs) are secured by the equity