subject: Enjoy Holidays Forever With Secured Loans And Remortgages. [print this page] A major problem with many loans is that they do not make up 100% of the cost of whatever it is that the borrower needs to buy..
By this we mean that there are a occasions when there are loans , but they are not large enough loans to fund the full amount required.
Therefore the would be borrower needs to have some of the funds money himself to buy whatever he wants.
Ine such example is when someone wants to buy another car. For car purchase loans of up to 70% of the purchase price are the norm, although it can be more than this.
This means that if a person wants to buy a car costing 15,000, he would have to pay 4,500 up front which is far from chicken feed..
On occasion the old car can act as the deposit, but there are can be times when the deposit is less than required or there is no car to trade in.
It is quite common these days for a someone to want to buy a holiday apartment at the beach in somewhere like Calabria in the South of Italy, where you can still buy a new built apartment close to the beach for about 48,000, and this would mean that a deposit of 16,000.
However ot is not always essential for homeowners to use their own funds.
There are means of borrowing 100% of the purchase price, and the means being referred to are secured loans and remortgages.
When homeowners do not want to make use of any of his savings when buying a car, a holiday home, etc. a remortgage or a secured loan can be funded 100% of the purchase price.
by: Rob Brown
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