subject: Debt Consolidation For Homeowners Is Best By Remortgages And Secured Loans [print this page] The homeowner loans of remortgages and seured loans are financial products for which only those who own their home are eligible and this is obvious by the term secure itself.The term secured implies that this form of loan requires a form of security and in fact they do just the same as remortgages.Remortgages and secured loans can be used for a huge variety of purposes such as car purchase, to fund home improvements particularly major ones, and even to pay for an exotic holiday or a dream wedding.In fact buying a car with either of these home loans is an excellent way to buy a vehicle in a way that can save money, as with cash in hand there is no need to go to a car dealership, but instead you can purchase the vehicle from an auction or from one of the many private sellers who advertise in the press each week.A car bought privately or from an auction will be cheaper than a vehicle purchased from a dealer and the saving means that you can buy a bigger and better car.If a homeowner wants to carry out home improvement remortgages and secured loans are great ways of doing so, as the homeowner has the ready cash to obtain the improvements at a good price.These two kinds of loans can also pay for an exotic holiday to celebrate a special event such as a twenty fifth wedding anniversary where you and your partner can rekindle the romance that you believed had gone forever in the course of your normal mundane day to day life.There is another very common way in which remortgages and secured loans can be used, and this is for debt consolidation where all financial outgoings are rolled into one and paid off leaving one single lower repayment in their placeCredit cards usually have interest rate of at least 20% up to more than 40% and this is almost a total rip off that steps should be officially taken to remedy.loans and credit transactions do attract interest but the rate should not be so high.With remortgages currently having interest rates starting at 1.A remortgage at a rate of 1.98% is available for a homeowner with a minimum 40% deposit and from 1.Remortgages are available from 1.99% providing that the homeowner has at least a 30% deposit, and secured loans have interest rates from approximately 9% APR.It seems pointless for a homeowner with equity to burden themselves with numerous debts when remortgages and secured loans used for debt consolidation can make such massive savings in addition to making money management easier.
Debt Consolidation For Homeowners Is Best By Remortgages And Secured Loans
By: Michael Logan
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