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Furthermore, for secured loans—where the loan is backed by collateral—the penalties can be even more extreme. Failure to rectify a delinquent mortgage can result in repossession of the asset, such as a house or vehicle, placing borrowers in a troublesome monetary posit

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1. Leverage: They allow you to leverage your investment, which means you ought to buy property without having the complete purchase price in cash. This can lead to greater returns on funding should property values r

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