subject: Homeowners Need No Loans Except Secured Loans And Remortgages [print this page] Homeowners Need No Loans Except Secured Loans And Remortgages
Many have to take out loans for holidays, weddings, etc.When a person wants to go on a once in a lifetime holiday to celebrate a special occasion such as a twenty fifth anniversary, a fortieth birthday or a retirement from work after fifty years, a loan may well be required as a holiday that includes first class air fares, and five star hotels can be expensive.The would be holiday maker can make an appointment with his own bank from 9 am to 5 pm from Monday to Friday at a time to suit the bank.It of course means that you have to take a morning or an afternoon off work and for some workers will lose wages.One big disadvantage of holiday loans, arranged by the bank, is that normally their repayment period is over a maximum of a year, and if the loan needed is for a fair amount, the loan could be too expensive for many.Banks and building societies will not grant finance to people with bad credit.It is also very difficult for the self employed to obtain a loan from a bank or building sociey these days.Most homeowners now like to have a comfortable, well furnished, well equipped home with all the luxuries, and yet again not many heve enough money at their back to maintain and to do improvements to their property.When buying a new kitchen, fitted bedroom, bathroom, etc. it is possible to apply for a loan from the home improvement company, but the interest rates for these loans are about 25% which is very high, and it makes the cost of improving your property very costly.For homeowners, there is no need to spend time, which might prove to be a waste of time, going to the inconvenience of going to your bank.Also there is no no need to take expensive loans for home improvements when for both these, as well as many other purposes, there are very much better ways to obtain the money.Secured loans and remortgages can be used to fund almost anything.These are both homeowner loans secured on the equity of a property that can be spread over as long as three hundred months, and with secured loans from 9% and remortgages from less than 2%, they are affordable to almost anyone.Many lenders are also prepared to accept homeowners with bad credit, and self employed are still welcome with self declarations of income, if they have good equity.
