Perhaps the easiest part of buying a new home or refinancing your mortgage is sitting down with the title company at the end of the process. Figuring out the labyrinth of shopping around and getting the best loan program and interest rate may be one of the hardest parts of the home buying process. In a recent poll analyzing a homebuyer's ability to understand what their mortgage documents say found that very few of the folks polled knew...more
Unsecured loans are loans that are available to both homeowners and non-homeowners who meet the eligibility criteria specified by the lender. Unlike a secured loan, which is secured against the home, an unsecured loan is based on contract only, and this means that you need to have good credit to qualify for one of these loans, as the risk to the lender is higher than it would be with a secured loan. If you do not have decent credit then you may...more
If you are a homeowner in the UK you can enjoy the many benefits that come with homeowner loans. This type of loan provides an effective and affordable way to borrow money, and is available exclusively to homeowners. The reason why homeowner loans are only available to those with their own home is because they are secured against the home. The availability of homeowner loans means that those with their own home have far more choice and flexibility when it comes to borrowing money.People that live with their families or rent a property have far less choice when it comes to borrowing money, as they can only get unsecured finance, which means reduced borrowing power, shorter repayment periods, higher monthly repayments, and the need to have good credit. This can make it difficult to get finance, particularly in the current financial climate where many lenders are reluctant to hand out unsecured credit due to tighter lending conditions.On the other hand homeowners can enjoy far more in the way of choice and affordability, as they have access to both unsecured and secured finance. Homeowner loans offer a range of benefits for homeowners looking to borrow money, and this includes greater...more
Selling your home can be a gruelling and time consuming task, and the last thing that you want when you have decided to sell your home is to get a raw deal on the price or have it stagnate on the market because nobody is willing to make the purchase. Many people that decide to sell up make some common mistakes that can really hamper the chances of...more
Homeowners across the UK have been fortunate enough to see their equity levels rocket over recent years, with property values in the UK soaring and equity levels going through the roof. Since property prices and equity levels have risen many homeowners have realised that they can unlock the cash that is tied up in their property without having to...more
When it comes to borrowing money homeowners have a valuable added advantage over non-homeowners, and this is the ability to borrow against their home. In the past people have been a little nervous about secured loans simply because of their secured nature, but as equity levels have increased over recent years an increasing number of homeowners have realised that a secured loan is actually a smart and effective way to borrow money for those that are lucky enough to have a property with equity in it.Although homeowners that have good credit ratings will usually find that they are able to take out an unsecured loan rather than a secured loan if they wish, there are actually many benefits to opt for the secured loan over the unsecured one. The fact that the loan is secured means that the lenders is able to offer better value and many secured lenders will also consider those with bad credit, whereas the doors of most unsecured lenders are closed in the face of anyone with bad credit.One of the main benefits of a secured loan is that the borrower is often able to take out a far larger loan than with an unsecured loan, although the amount that you can borrow will be determined by factors...more
Over recent years homeowners in the UK have seen the value of their properties rocket, and this has resulted in many homeowners enjoying very high levels of equity in their homes. These high equity levels have benefited homeowners in a number of...more
Many people with a number of high interest debts end up overstretching themselves each month when it comes to their finances. Repaying a range of expensive debts can quickly become a problem, causing hassle when it comes to managing your finances,...more
If you are looking to borrow money for one of a wide range of purposes there are a number of options open to you as a homeowner. If you have good credit then you will find that you are likely to be eligible for an unsecured loan or a secured...more
If you find that every month you are having trouble keeping up with various debt repayments, and that much of the money you pay out on debts each month tends to get swallowed up in interest, it may be time to reassess your financial situation in...more
If you are a homeowner and are looking to raise finance for one of a wide range of purposes you may find that a homeowner loan offers the perfect solution for your needs, enabling you to enjoy getting the finance that you need as well as enjoying...more
Homeowner loans have become increasingly popular over recent years, and one of the reasons for this is that many homeowners across the UK have seen their property values rise by a considerable amount. Homeowners loans are, as the name suggests, open...more