RightWay Loans secures loans using a property you own or are buying. The property is called the securing collateral.
In more simple terms, the borrower offers their property to the lender in exchange for a loan. This way if the borrower stops making the loan payment the lender can take the property to recoup their losses.
Below are examples of non-owner occupied property that would qualify as the securing collateral. A non-owner occupied home is NOT your primary residence. It can be your second home or an investment property.