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Most lenders favor secured loans because the financial risks are minimum. In event of default or if the debt is not repaid, the lender is allowed to take the collateral. This results in the lender offering more favorable loan terms to the borrower. Invariably, the borrower will get attractive interest rate and repayment period for a secured loan.
You can use a secured loan for any purpose. You can use the loan amount to purchase a home, conduct home improvement, go on a vacation or purchase a vehicle. As long as the loan is secured by collateral and you are able to make monthly payments to the lender, you have nothing to fear. However, if you fail to repay the loan amount, you are liable to lose the collateral.
In case of real estate, the most common type of secured loan or debt is a lien. A lien can be voluntarily created, like with a mortgage, or involuntarily created, like in a mechanics lien. A mortgage is created only after the owner of the property gives his consent. On the other hand, the main condition to create a mechanics lien is that the real estate property is improved by the person filing the mechanics lien. It does not require consent of the real estate owner.
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Getting a fast secured loan is usually done by applying to a bank, building society or a private lending company. Just as the name suggests, you have to place collateral in order to get a fast secured loan. The collateral that people usually use is their homes. 
