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Home equity loan called 'unsecured'
Oct 24, 2006 . Dr. Don advises a reader who has a home equity loan that is listed as 'unsecured' on his credit report and wonders if he should get it fixed.
http://www.bankrate.com/brm/news/DrDon/Oct06_home_equity_mortgage_a1.asp
Is a home equity loan considered an unsecured loan
Answer: No. A home equity loan, also known as a second mortgage, uses your home as security. If the loan is not paid back, the lender may go after your home.
http://wiki.answers.com/Q/Is_a_home_equity_loan_considered_an_unsecured_loan