What Is a CD-Secured Loan?

Author: External Author | Jan 27, 2021 | Categories: Dentist Mortgage Loans , Doctor Mortgage Loans , Loans for Medical Professional , Physician Home Loans , Physician Loan Lender , Resident Physician Loans

A CD-secured loan is a loan that requires you to use a certificate of deposit (CD) as collateral. If you take one out and default on your payments, you risk losing that CD.

Let’s dig deeper into how CD-secured loans work, their pros and cons, and alternative options you may want to consider.

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Original Article Source Credits: the balance, https://www.thebalance.com

Article Written By: Anna Baluch

Original Article Posted on: December 10, 2020

Link to Original Article: https://www.thebalance.com/what-is-a-cd-secured-loan-5091673