A loan offered by private lenders with a home presented as security is best known as a home equity loan. (mortgagebrokerstore.com)
By charging borrowers a mortgage - insurance premium, they're able to guarantee loans made by private lenders who participate in the program. (investopedia.com)
Unfortunately, unlike federal student loans, those issued by private lenders do not offer the same kind of straight - forward, affordable payment options. (creditinfocenter.com)