Question

Which type of debt is most often secured?
(1 point)
Responses

mortgage
mortgage

personal line of credit
personal line of credit

credit card
credit card

revolving line of credit

Answer 1

The type of debt that is most often secured is a **mortgage**. Mortgages are loans specifically used to purchase real estate, and they are secured by the property being financed. If the borrower fails to make payments, the lender can foreclose on the property.