Guaranteed Loans – How To Qualify And What You Need To Know

This is a collaborative post. A guaranteed loan is a loan that a third party guarantees or promises to pay back if the borrower defaults. In other words, the loan is “guaranteed” by someone else. There are many different types of guaranteed loans, but they all have one thing in common – there is always a third party involved who agrees to pay back the loan if the borrower cannot. The most common type of guaranteed loan is a government-backed loan, such as an FHA loan or VA loan. How to Apply for Home Equity Loans? Having a bad credit …