subject: Look No Further Than Secured Loans And Remortgages For Debt Consolidation. [print this page] It is an aspect of life common to most that sometimes we all need extra money for some purpose or the other. When we decide that we need some extra funds the first thing is to make up our minds the best way to borrow for homeowners.
There are in fact very good low interest loans available to homeowners and only to homeowners, and tenants cannot apply for these home loans.
Non homeowners are limited in the loans that are available to them as the only real option is an unsecured loan or a personal loan or a loan from their own bank.
It is actually difficult for non homeowners to obtain loans these days, and if they have a bad credit rating obtaining a loan is totally impossible since the demise of Welcome Finance.
Remortgages and secured loans, as well as having many similarities also have one big difference.
The first thing peculiar to both is the fact that their interest rates are cheap, with secured loans available at from about 9% and remortgages if they are tracker start currently at under 2%
For homeowners who prefer a fixed rate remortgages are available at less than 3%.
Fixed rate remortgages for homeowners with good equity in their property are also available at under 3%.
Remortgages and secured loans also have the fact in common that they can be used for many different purposes.
Both remortgages and secured loans are great when used as debt consolidation loans which unite all debts in credit cards, etc. into the one cheap repayment each month.
These are the only loans ever required by homeowners
