A movable property loan is secured by a movable item or movable property that is used to purchase the loan. The creditor has the right of ownership of the movable property.
Mobile or industrial homes, in which the homeowner buys the dwelling unit but not the land it occupies, are often financed by movable property mortgages.
Heavy commercial equipment such as a bulldozer or forklift can also be purchased with a real estate loan.
Real estate loans are often more expensive than traditional mortgages, but government-backed low-interest loans are available for some borrowers.