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


Non homeowner loans - creating a source of finance for the homeless

Written by: Steve Clark

Because of the preference that loan providers show for the homeowners, you have started having feelings of jealousy against them. Your experience with lenders shows that there are not much takers for you as a non homeowner. However, we feel that you are still half informed. Though, loan providers' preference for homeowners is well known, it isn't that they do not cater to the borrowers other than homeowners. So, you as non-homeowners too can get good deals in non homeowner loans.

Aimed specifically at the people who do not have a landed property of their own, Non homeowner loans are the only hope of this category of people. Tenants, both council tenants and tenants with private lenders, can get their financial needs covered through the non homeowner loan. The category also includes people who have been living with their parents in their parent house.

Non homeowner loan is generally offered as an unsecured personal loan. However, when borrowers agree to pledge certain other assets as collateral, then the loan is converted into a secured loan.

The best part of the non homeowner loan is that there is not much to lose. You haven't pledged anything or the asset pledged is not as important as a home in homeowner loan. Non homeowner loans do not haunt borrowers with the repossession fears, which is so characteristic of the homeowner loans.

This means that the lenders are at a risk of losing the money lent as non homeowner loan. While the money can be recovered by suing the borrower for the non payment, the process is often long drawn and costs dearly to the loan providers too.

It is because of this risk that loan providers desire the borrowers to have a good credit history. Borrowers who have a good credit history imply that they are less drawn towards non payment. Those with a bad credit history may find a large majority of loan providers running away from them. Since, it is the credit history that acts as a guarantee for the borrower in the absence of collateral, loan providers will find it difficult to ignore bad credit history.

This does not put a full stop on the chances of the bad credit borrowers to get non homeowner loans. Certain loan providers do have deals for the borrowers with a lower credit score, i.e. bad credit history.

Borrowers wishing to take up non homeowner loans need to fulfil the following essential requirements:

* The borrower must be in full time employment. * Computerised pay slips are used for paying the borrower. * Bank account must have a direct debit facility. * The proofs of identification and residence must be ready. * The borrower must have been regular in making rent payments. * The borrower must have a home telephone line or a mobile (if it is a mobile, a copy of the agreement must be produced)

The non homeowner loan can be used for as many purposes as a homeowner loan. These are consolidating debts, purchasing cars etc. However, you need to understand that the amount available under non homeowner loan is not at par with the homeowner loans. The lower amount may be the result of increased risk. In money terms, the amount under homeowner loans can range from 1,000 to 50,000 over a period of 1 to 25 years.

You would surely not be complaining after learning about non homeowner loans. Though the terms under non homeowner loans are not as attractive as homeowner loans, borrowers cannot help because of the vast differences in the circumstances of the homeowners and non homeowners. Also, there are not much finance options for non homeowners other than to take non homeowner loans.

Steve Clark can tell you how to look better, live better and breathe better by giving you tips to improve your finances.He writes on loans. His ideas can help you rejuvenate your money.To find Secured homeowner loans,bad credit homeowner loans,online homeowner loans,non homeowner loans visit http://www.easyhomeown erloans.co.uk.

About the author:

Steve Clark can tell you how to look better, live better and breathe better by giving you tips to improve your finances.He writes on loans. His ideas can help you rejuvenate your money.To find Secured homeowner loans,bad credit homeowner loans,online homeowner loans,non homeowner loans visit http://www.easyhomeownerloans.co.uk.


Other Related Articles:

Secured Car Loan - If Car Signifies A Second Home To You
Cars they are your passion, necessity, luxury, earning member. They have speed, they have music, they have curves, they have comfort, they have security, they have safety - they have something for everyone. Secured car loans can realize your car...read more

What Is The Best Way To Pay Off All Of My Debts Using A Free Debt Consolidation Loan?
Between daily expenditures and monthly bills, most people get bogged down by outstanding debts with high interest rates. When this happens, they usually don't know what options they have. Most assume they are on their own unless they decide to...read more

Ten Ways Start-ups Use Venture Leases And Loans To Generate Millions
The rise of venture leasing and lending has created an opportunity for sophisticated entrepreneurs to gain a competitive advantage. Savvy entrepreneurs are using venture leases and loans to generate millions of dollars for shareholders by leveraging...read more


Return to Home

468x60

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