Relying on the time of day you apply and on lender's terms, you may be able to obtain your cash on the same-day or inside one enterprise day. If you want to get such a a mortgage for personal use, then it is advisable to store round and search for lenders who're willing to offer you one of the best rates. As a result of the borrower stands to lose private property if they default, secured loans tend to have lower rates of interest.