Loans Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Become A Smarter Borrower


With a nation that has in the region of a Trillion pounds of debt one could say we are serial borrowers. Before you consider borrowing money it is wise to consider a few important points.

Shop around for the best deal

This may sound like a no brainer but many people still use their high street bank to borrow money. These are usually the most expensive and with the Internet you can spend 30 minutes in your home finding the best deal.

Make sure you understand the APR

Although the lender will outline the APR charges this may not be the actual amount you will be paying. Make sure you get the true cost of your loan.

Keep the repayment period as short as possible

The longer you take to pay off your loan the more expensive it gets. Try and limit the repayment period to less than 5 years. For example, a 5,000 loan borrowed over five years at an interest rate of 9% will cost you 103 each month, this may sound affordable. But overall, it will cost you 6,176 - 1,176 in interest. If you borrowed it over three years, your monthly payments would be 158 an increase of 53% in payments however you would only be paying back 5,694, which is substantially less.

Make sure you read the fine print

Lenders make a fortune in charging their customers payment protection. There are usually several conditions attached to this kind of protection so make ensure that you get the protection you want should you not be able to keep up the payments. There are usually redemption penalties if you pay your loan off early so make sure you are aware of these charges before hand.

Avoid Secured loans if possible.

Loans of this type are commonplace in the UK are commonplace following the increased equity value arising from the house price boom of recent years. It is only advisable to release equity if you are going to be adding value to you home. If you fail to keep up payments you can be at risk of losing your home. This again will be mentioned in the fine print, although you should be aware of this.

There are hundreds of loan companies in the UK at the moment. With our low interest rates it has been quite affordable to borrow money. This is one of the reasons we are a nation in the grip of a debt epidemic at the moment. If you can reduce your interest payments then take action now.

If you have between 6 - 9 months left to pay on your loan you could transfer this balance to a 0% balance transfer credit card. You can then pay this balance off from your new credit card at no cost over the 6 or 9 month period depending on what the introductory rate is.

Do your homework there is more than enough information and loan comparison websites to make sure you make the right choice when it comes to taking out that loan.

Grant Marwick is a freelance writer and owner of http://www.1st-in-loans.co.uk where you will find advice and more articles on personal loans


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


pgatour.com

Inside the Field: 2018 Quicken Loans National
pgatour.com
Check out the entire field and how they qualified for the 2018 Quicken Loans National. HOW THEY QUALIFIED. Winner - Quicken Loans National. Bill Haas Billy Hurley III Troy Merritt Kyle Stanley Winner - THE PLAYERS Championship. Rickie Fowler Si Woo ...



Forbes

How To Save $1,000 On Your Student Loans - Forbes
Forbes
If you are one of more than 44 million borrowers who collectively owe more than $1.5 trillion in student loan debt, then you're not alone. According to Make ...
Consumer Debt Outlook for June 2018 | LendingTreeLending Tree

all 12 news articles »


Piggyback loans return, opening door to refinancing
Chicago Daily Herald
While rising interest rates have sharply reduced the number of mortgage borrowers who can refinance into a lower rate, rising home prices create opportunities for some borrowers to refinance into mortgages that are less costly in other respects.

and more »


LendUp Loan 2018 Review
NerdWallet (blog)
Best as: A last resort in a true emergency. LendUp is an online lender that makes small loans — both lump-sum and installment — to borrowers with low credit scores. LendUp's rates are as high as traditional payday loans in some cases, and lower than ...



The Detroit News

Businesses win $1.2M in Quicken Loans Detroit Demo Day
The Detroit News
Quicken Loans Inc. founder Dan Gilbert, left, is interviewed by James Chapman, Director of Entrepreneurship for the Quicken Loans Community Investment Fund during Quicken Loans Detroit Demo Day at the Detroit Music Hall, in Detroit, June 22, 2018.



The First Look: 2018 Quicken Loans National
pgatour.com
Stanley takes his shot at becoming the first back-to-back winner in the National's 12-year history. Anthony Kim came closest, following his 2008 victory by finishing third in '09. … Will this be the National's final edition? Quicken Loans takes its ...



HuffPost

I Couldn't Afford To Pay My Student Loans. Then I Received A ...
HuffPost
Mark Wragg via Getty Images Why is it, in a day and age when more and more brown and black people are accessing higher education, that a bachelor's degree ...

and more »


People are getting loans to pay for their vacations
MarketWatch
Similar companies, including Airfordable and BookIt.com's PayDelay, specialize in travel installment loans. And lenders that typically offer personal loans, including Affirm and Marcus by Goldman Sachs, also advertise “travel” or “vacation” loans.



South China Morning Post

Are Trump's Asian bankers about to call in their loans?
South China Morning Post
As Donald Trump throws grenades at the global trading system, investors are caught in the crossfire of tit-for-tat retaliatory steps. China is hitting back. So are Canada, the European Union and even India. But recent moves by Russia may be most ...

and more »


MarketWatch

People are getting loans for their vacations and how much of your salary you may really need to save
MarketWatch
Happy Wednesday, MarketWatchers! Here are the top personal finance stories of the day. Personal Finance. I earned $5 million in my lifetime—now my long-lost son keeps hitting me up for money. This man says he tried to find the son he fathered in his ...


Google News

home | site map
TIGER MEDIA© 2006