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**Origination fees**: Charges for processing the loan utility.
**Prepayment penalties**: Fees for paying off the mortgage early, which some lenders impose to safe their expected interest earnings.
**Late cost fees**: Charges incurred for lacking payment deadli


Secured loans require the borrower to offer collateral, such as a automotive or property, to obtain the mortgage. This mitigates the lender’s danger, resulting in lower interest rates, however it also places the collateral at risk if the borrower fails to re



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