subject: Secured Loans Are Very Useful Loans. [print this page] Homeowner loans are loans which are secured on the equity of a property, whether it is a residential first property, holiday home or even a buy to let.
As these homeowner loans are secured loans, the lender has the confidence to grant these loans at good rates of interest and they are not as fussy about why the applicant wants the loan for. Homeowner loans can be used for almost any legal purpose.
Homeowner loans or secured loans, if you prefer,are a great way, for example, of buying an expensive car or a motor home. Of course for both these vehicles it is of course possible to obtain a loan from the dealership. However in the case of cars, the maximum repayment period is usually three years or sometimes four years at the most.
When you and your wife married, you were both young and just out of university, and had very little money left after paying for your rather basic wedding in the register office followed by a pub lunch or something not much better. Why not renew your vows in a paradise island and stay at a five star resort?
For homeowners, they are an excellent method of doing home improvements that end up costing nothing. If it all sounds too good to be true, it is in fact true
Homeowners with equity in their property can use this equity to get secured loans and use them for debt consolidation. These debt consolidation loans take all outstanding debt in credit cards, personal loans, etc., combine them into one and leave one debt consolidation loan to pay each month instead of having to pay a large number of different debts ,as they did before taking out the secured loan.
Stay at the 5 star Carlton hotel and sit on our balcony sipping a cocktail and marvel at the beautiful scenery in front of your eyes before going out to see your favourite star on the red carpet.
The Venice Film Festival takes place each September in the famous city of gondolas and a trip there can again be paid for by the funds of a homeowner loan. Stay on one of the many five star hotels situated on the Grand Canal, and after a delicious meal go the world famous Harry's bar which serves a mind boggling array of cocktails, and this is where the Bellini was invented.
One of the most recent festivals in the world is the Rome Festival which has just had it's fourth outing this October. The Rome Festival chooses one A list star to honour each year since the inception of this festival in 2006. So far the recipients of this honour have been Sophia Loren, Sean Connery, Al Pacino, and this year the Meryl S6treep was the chosen one.
There is also the loan taken out to lay a new patio in the garden, and this has an interest rate of 25% and costs 320 every month over ten years. Taking secured loans of 45,000 over ten years to consolidate all this would cost about 600 a month, which is half of what you are paying at present, and after ten years you are rid of debt and you have enjoyed your home improvements..These granted you even more pleasure, as they are free.
by: Kelly George
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