No. Every loan you find through Hearth does not require collateral. This gives you several benefits:
- Don’t risk your home: If an emergency comes up and you miss a payment, rest assured knowing your home isn’t on the line.
- Get your money quicker: Applying to a collateralized loan forces you to spend weeks or even months getting an appraisal and completing a lengthy application process. Using an uncollateralized loan means you can get your money as soon as tomorrow.
- Cheaper application process: Home appraisals and long applications cost money. It costs gas, time, and money to go to the bank for a secured loan. Hearth is 100% free, and available 24/7.