TeachMeFinance.com - explain Guaranteed/Insured Loan
guaranteed / insured loans -- Programs in which the federal government
makes an arrangement to indemnify a lender against part or
all of any defaults by those responsible for repayment of
Guaranteed/Insured Loan -- A loan made and serviced by a lending institution under agreement that a governmental agency may either purchase the guaranteed portion if the borrower defaults or insure against losses the lender may incur a loss due to default.
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