subject: Let A Mortgage Broker Arrange Your Remortgage Or Secured Loan [print this page] Whenever a homeowner requires to borrow money for a variety of purposes he has two main choices and these are remortgages and secured loans.This is particularly true if it is to buy something big or to organize debt consolidation.If it is to buy a car and the homeowner has the deposit readily available on the equity of his current vehicle, he can consider applying for a car loan which is available from the car dealer supplying the car.Sometimes a good low rate can be obtained if the car manufacturer is offering a
deal of a low interest rate but normally these cheap deals are only offered for the purchase of a car that is nearing the end of the current model and the new version is about to appear at any momentSometimes low rates are available as that particular model is not popular and is proving diificult to sell and the garage has a glut of them that they want to get rid of.Home improvement loans can be got from the company selling the kitchen, the conservatory, etc. but the rates for these are very high at about 25%The above loans can be replaced if the buyer is a homeowner by either him arranging a remortgage or a secured loan which are both low interest ways of borrowing that can be used for almost any purpose.With remortgages having rates from only 1.84% and secured loans from about 9%, they make a good alernative to almost any other method of borrowing, and more often than not they are by far the best ways of funding just about anything at all.The person best suited to offer all the required information is an IFA or similar who has all products to hand.It is far from easy to contact all the lenders for yourself.There seems absolutely no point in phoning vast numbers of banks and building societies for quotes and information as all they will tell you anyway is to make an appointment to call at a time that they suggest in office hours between 9 am to 5 pm Monday to Friday.Instead let an experienced IFA, mortgage or secured loan broker do it all for you, and after all he is best placed to undertand all the deals on offer and will give you a selection of quotations form which you chose the deal that best suits your needs.Instead of running up phone bills and trawling the cold streets attending interviews at the banks and bulilding societies, your finance can be arrnged by telephone and post.Alternatively the adviser will willingly call at your home or even your place of employment at a time that suits you and not him, and before you know it your loan funds, whether by a remortgage or a secured loan, will be in your account and ready to spend on anything that you want.
Let A Mortgage Broker Arrange Your Remortgage Or Secured Loan
By: AVRIL MOIR
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