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2. Should I use a home equity loan to buy a car? - AOL

   www.aol.com/finance/home-equity-loan-buy-car...

   Now, many auto loan offers are lower or comparable to the rates on home equity products: As of May 2024, new car loan rates (starting as low as 5.64 percent) were averaging several percentage ...

3. Should you use a home equity loan to pay off an auto loan?

   www.aol.com/finance/home-equity-loan-pay-off...

   Both home equity loans and auto loans are types of secured debt: that is, the borrowed funds are backed by collateral, which can be seized if you default on payments. ... Benefits of using a home ...

4. A new borrowing option for hard-up Americans: a credit card ...

   www.aol.com/finance/borrowing-option-hard...

   Rather than taking out a loan with a sky-high interest rate, Yendo customers can get a fixed-rate credit card backed by the account holder's car. The first cards were distributed in August 2022 ...

5. Secured loan - Wikipedia

   en.wikipedia.org/wiki/Secured_loan

   A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults , the creditor takes possession of the asset used as collateral and may ...

6. Title loan - Wikipedia

   en.wikipedia.org/wiki/Title_loan

   A title loan (also known as a car title loan) is a type of secured loan where borrowers can use their vehicle title as collateral. [1] Borrowers who get title loans must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for a loan amount. [ 2 ]

7. How do secured loans work? - AOL

   www.aol.com/finance/secured-loans-020828573.html

   Auto loans: When taking out a loan to pay for a car or any other vehicle, your vehicle will often be used as collateral. If you don’t make the payments on time and in full, your vehicle could be ...

8. What you should know about unsecured auto loans

   www.aol.com/finance/know-unsecured-auto-loans...

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9. Mortgage Credit Certificate - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Credit_Certificate

   The MCC program is designed to help first-time homebuyers offset a portion of their mortgage interest on a new mortgage as a way to help homebuyers qualify for a loan. Because it is a tax credit and not a tax deduction , mortgage lenders will often use the estimated amount of the credit on a monthly basis as additional income to help the ...