When a lender like us at Easy Choice Lending takes your title, they place a short - term lien on it to enable them to seize your vehicle and sell it in the event you default on your loan. (easychoicelenders.com)
Riskier mortgages attract higher fees compared to bank loans because the lenders must cushion themselves from losses in the event you default on payments. (mortgagebrokerstore.com)
This safeguards the lender for monies lost in the event you default on the home loan. (financeproductreviews.com)