subject: Secured Loans And Remortgages In Basic English [print this page] On some occasions in life homeowners need a bit of extra cash for one reason or the other, and they know that the home loans of remortgages and secured loans may be just the job for them, but this is about all that they know.
They do understand that these are homeowner loans for which only homeowners can apply, but this is just about the extent of their knowledge.
There are things that you want to do that cost more money than you have in your bank account. For example you would like to buy a nice foreign convertible to tour the continent of Europe during the summer break, and also completely rebuild your run down conservatory and fit a new kitchen and bathroom . You have also heard of debt consolidation and are of the opinion that consolidation would leave you with with money in your wallet at the end of every month The problem is you do not know the way to proceed..
Arranging your finances appears to be quite a chore and you feel that you may be better to forget all about doing so.
Do not be put off it, as there is nothing complicated about remortgages and secured loans which are both ideal ways for homeowners to obtain funds for any purpose , and the information needed is not complicated either.
You do not know ,the information required if you have sufficient income, etc..
The secured loan takes in the region of three weeks to pay the money into your bank account, and remortgages take normally twice as long.
The information required for both of these homeowners loans is proof of income which comprises three recent consecutive wage slips for the employed, and often an accountant's reference or accounts for the self employed.
Self employed applicants must now produce official proof of self employment but there are self employed loans available for those trading with no accounts even if they have only been in business for six months.
Homeowner applying for remortgages and secured loan, also need to provide proof of residency and ID proof which makes the application simple, and no one should ever consider that applying for remortgages and secured loans is complicated
by: Zola Wilson
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