Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter


redhotloantips fat loss

How To Use Your Home To Get A Better Loans Deal

Written by: Gary Tallon

If you own your own home then you may not realise it but it could help you get a great deal on a personal loan - and it could save you a lot of money in the process. It doesn't matter what you want the money for - if you're prepared to use the property you own (even if you only own it by virtue of your mortgage!) then you can access some of the best loan interest rates in the sector.

As a homeowner you will qualify for a secured loan rather than an unsecured one. In simple terms all this means is that you can use your property as a guarantee against the money you borrow. So, you agree with your lender that you will borrow the money you want. You agree to make your repayments according to your loan schedule for as long as it is set to last. And, you agree that they can use your property to get their money back if you stop making your repayments as you should.

As you can see this is a great win-win situation for your lender - but it's a fantastic win-win situation for you too. The fact that you are willingly giving your lender this kind of security means that they will give you preferential interest rates in return. So, you could find yourself saving an awful lot of money both in your regular repayments and in the money you pay back overall. This could run into hundreds or thousands of pounds depending on how much you want to borrow. You'll also find that you can borrow far greater sums with this kind of loan than with an unsecured option.

There's no reason to be worried here - even though you do technically risk your home with this kind of arrangement - as long as you are sensible. For example, you shouldn't borrow more money than you can comfortably repay. You certainly shouldn't use this kind of loan to shore up leaky finances unless you KNOW that you can meet your repayments. And, you should look at payment protection insurance as a back-up if you have any worries left at all. This way your repayments will be covered by your policy if you get into unforeseen difficulties during the term of your loan period.

If you are being sensible about all this then you'll also realise that a reputable lender won't want to repossess your home at the drop of a hat or at the first sign of trouble. The majority of lenders will help you as much as they can as long as you let them know what's going on if you do happen to get into trouble with loan repayments. For most of them legal action is actually a real last resort. All this should go some way to making you feel better about using your home to raise finance. The rates you'll undoubtedly get will make you feel even better - especially if you shop around for the best deal you can get.

About the author:

This article was written by Gary Tallon, a writer of over ten years experience in finance and the homeowner loans industry.

Other Related Articles:

Benefits of a Business Loan
There are many benefits in choosing a business loan, some of which are listed below: What's the fastest way of raising money for your business idea? A business loan, but what kind of loan should you get and who should you get your loan from. You...read more

Bad Credit Wedding Loans In Case You Want To Race Towards The Altar With Bad Credit
So you are engaged. Congratulations. It was not easy. What? Getting engaged? No, finding the right person. But it is just the beginning. There is still a wedding to plan. Do you know how much you have to plan? Perhaps you have some idea but you will...read more

Bad Credit Used Car Loans - 3 Tips For Getting An Auto Loan With Poor Credit
Getting a used car loan with bad credit is as easy as getting approved for a loan with good credit. Because automobile loans are collateral-based, many auto loan lenders approve loans to persons with bad credit. There are...read more

Return to Home


Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map