Does Your Collateral Have to Equal Loan Amount? Understanding the Importance of Collateral in Loan Agreements
Does your collateral have to equal loan amount? Typically, a borrower should offer collateral that matches the amount they’re requesting. However, some lenders may require the collateral’s value to be higher than the loan amount, to help reduce their risk. Read more on www.valuepenguin.com Lenders frequently demand collateral in order to secure loans when borrowers … Read more