CAVEAT LOAN. A caveat loan allows a borrower with a property to get short term loan. The borrower will sign a SPA with the lawyers, indicating to sell the house, with the borrowed amount being the down payment. MORTGAGE LOAN. A mortgage loan is a loan charged to a property, whether it is a new property or refinancing an old property to get cash out. The property is charged to the lender until the mortgage loan is fully settled.
PERSONAL LOANS. A personal loan is the most common loan in the market because it is a general purpose loan.
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