Rei L. Mesa
Berkshire Hathaway HomeServices Florida Realty
1580 Sawgrass Corp. Pkwy., Sunrise, FL33323
Rei MesaO: 954-693-0127C: 954-693-0127

Today's News and Features

Q: What Is an Unsecured Loan?

Thursday, October 29, 2015

A: The interest rates on these loans are often higher than on secured loans and you generally will not be able to get a tax deduction for the interest paid.  However, the costs to obtain an unsecured loan are usually lower. And the relative ease of getting this type of loan makes it popular for small projects costing $10,000 or less. The lender evaluates applications based on credit history and income.

 

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