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"What is a collateral bond?"
collateral
security for a loan or outside of what was intended (collateral damage)
They can refuse if the loan outstanding is much more than the collateral provided. Ex: If you have a loan outstanding of 100,000$ and you have provided a collateral of 50,000$ you cannot expect the bank to release any collateral. Lets say your outstanding is only $30,000 then you can expect the bank to release a certain portion of the collateral atleast $20,000
No, you cannot use your IRA as collateral for a mortgage. IRA funds are meant for retirement savings and cannot be used as collateral for loans.