The Loan payment protection can be a very valuable product to have in your corner if you are in full time work, you meet the criteria set out in the policy and you have monthly loan repayments to make each month. However the cover can be very expensive and finding cheap loan protection can be very hard unless you choose to buy the protection independently from a standalone specialist provider.A specialist can offer quality products...more
Mortgage rates dipped to another new low this week - 4.42 percent on a 30-year loan. That's the lowest since Freddie Mac has got since 1971. So, yes, if you are thinking of mortgage refinancing, this is the right time. Rates may go lower in the next few weeks but no one really can guess. By the time, they hit rock bottom, people may not realize it. The general perception among most economists is that the sluggish US economy may just...more
You are considering finance for home improvements, debt consolidation, a holiday home, a car - you name it the question always pops up - which way is going to be the cheapest way to finance. Should I use a credit card, personal loan, HP, overdraft, store card, interest-free credit, catalog, secured loan, or a credit union? Different methods of borrowing suit different types of people and situations. Whatever type of borrowing you choose, make sure you will be able to afford the repayments. Prepare a budget of your monthly expenses to check what you can afford to pay. Be sure to include your mortgage payment, utilities (gas, electricity, water), all bills, food, clothing right down to hair cuts and socializing costs. Be honest with this. If you are not you are only kidding yourself and it is only you that will suffer in the end.When choosing credit deals, it's important to make sure you are getting value for money. Also when comparing secured or unsecured personal loans compare the APR to give you a realistic view of the true cost of the finance. While you should consider all factors such as what is available and suitable to you, your circumstances (e.g. employed, self...more
Should I refinance my mortgage loan? This is the prime question in the mind of many people who want to go for a home mortgage refinance loan. Though the Federal Reserve is no more in the mortgage scenario, and the economy is getting stronger, there are warnings by some economists that the mortgage rates may just rise from their...more
You are ready to buy a home. You need some good advice to make sure you get the best deal. You may be wondering if it might be a good idea to hire mortgage brokers to help you out. In some situations, they may well be worth the money you pay them.The broker is kind of like a referee between you and a potential lender. He will search to find the...more
In a secured loan, the house of the borrower needs to be pledged as collateral. This is to reduce the risk faced by the lender in case the borrower is unable to repay the loan. Due to a lower risk factor, UK secured loans carry a lower rate of interest. For borrowers with adverse credit this is an easy way to get a loan because otherwise they are denied credit due to low credit scores. Secured loans are also known as home equity loans or homeowner loans. A secured loan offers no security to the borrower. The term 'secured' refers to security provided to the lending institution or bank. For the borrower there is enhanced risk as he/she stands to lose his/her home if there is default in the scheduled repayment. The lender can repossess the house and sell it for satisfaction of his debts. This is one of the reasons why many people are apprehensive of obtaining a UK secured loan. A borrower, especially one saddled with an adverse credit history, should carefully assess his credit needs and ability to repay while pursuing a UK secured loan. It would be wise for a borrower to look into alternative options of availing credit before opting for a secured loan. If nothing...more
Obtaining a mortgage can also mean gaining a new vocabulary. The mortgage industry has its' own terminology and knowledge of them can help clarify and simplify the process. A few terms you'll find useful to know:Closing Costs...more
Then in those cases it becomes complicated to obtain financial assistance from any type of lenders. However, the cheap unsecured loans assist you in such situations by offering required financial assistance. Having such loans is very easy process...more
Usually when we talk about unsecured loans, the first thing struck our mind is their high rates. But it is not true now. With growing demand of unsecured loan has obliged a hot of lenders to make this loan rather affordable. As a result of that you...more
Those of you in bad credit feel helpless and unfortunate when applying for personal loans. You are not very sure whether the bank or money lender will approve your application for your personal loan due to your bad credit. You can't...more
Sometimes greed gets the better of you and forces you to borrow money that you can't repay. This is when you end up with problems like mortgaging your house. Your credit score also takes a beating leaving you with bad credit which makes...more
We all like to have luxuries in our lives. But what if you are from a middle class background and can't really afford them. In some cases too, you may suddenly require money for an emergency situation. You may need extra money to run a...more