Collateral is something that backs — or secures — a loan. It makes the loan less risky, because the borrower has skin in the game. With mortgages, the collateral is usually the home that the borrower ...

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A collateral mortgage is a mortgage with a line of credit (LOC) embedded in it. Why should you care? The mortgage benefits and risks are now those of the mortgage and other forms of debt (an example ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and ...