Why Choose a Secured Personal Loan?
Listed below are some of the many reasons why you should choose a secured personal loan. A secured personal loan is often referred to as a homeowner loan. A secured personal loan is secured against your home to act as security to the lender for the money you have borrowed.
It is a low interest loan designed exclusively for homeowners. As a result of inflation and part repayment of mortgage most homeowners have a property which is worth far more than they owe on it. A Secured Personal Loan enables you to make use of this asset which will provide security for your loan.
Secured personal loans are an ideal solution for homeowners who have recently been refused a personal loan or for home owners wanting to borrow a larger loan amount. If you are a homeowner, then the secured personal loan is for you. A secured personal loan can sometimes be the best option if you are looking for lower rates of interest, longer repayment lengths and own your home.
Essentially, a secured personal loan is one that is secured against your property, which is why they are often also called homeowner loans. What this means is that, by taking out a secured personal loan, you are using your house to guarantee the loan repayments. Because the risk is lower for the lender than on an unsecured loan it is possible to get better interest rates than on a loan that is not secured on a property. This is also the reason that lenders are able to offer higher sums than for unsecured loans.
It is also easier for you to be approved for a secured personal loan because you are using your home as security against being able to make the monthly repayments. It is very likely that your loan is far smaller than the value of your home, so the loan provider will view it as less of a risk.
A secured personal loan can sometimes be a better option when taking out a loan due to the fact that the interest rates on the secured personal loan will tend to be much lower than for unsecured personal loans. This is due to the fact that you are putting up your property as collateral.
A secured personal loan gives you the option to pay back the loan borrowed over a longer period of time and at a lower interest rate. Secured personal loans also offer you the ability to increase your repayments or to repay a lump sum if your financial situation changes at any time. This can help to reduce the amount of time you will be paying off the loan, and of course the total amount of interest you pay back.
Taking out a secured personal loan gives you the opportunity to borrow money in order to increase the value of your home by making improvements.
You could also take out a secured personal loan in order to pay off a number of other smaller loans, credit or store card balances. You would then benefit by having to make a lesser monthly payment and the ease of having to make only one payment each month.
Secured personal loans can be used for a wide range of purchases or financial help, from home improvements, weddings, buying a new car to consolidating all your existing loans, credit and store cards.
There are several ways to raise cash, but a Secured Personal Loan has the following advantages:
offers a flexible and fast way of raising cash
loans are available for most purposes including debt consolidation
offers lower interest rates
there are usually no valuation or legal fees to pay
borrow any amount from Ł5,000 to Ł75,000
repayment period of between 5 - 25 years
It is important to bear in mind that your property is at risk if you fail to keep up the secured personal loan repayments.
You may freely reprint this article provided the author's biography remains intact:
About The Author
Marriott workers' lawsuit says inconsistent schedules and credit union loans are a predatory mix - Philly.com
Marriott workers' lawsuit says inconsistent schedules and credit union loans are a predatory mix Philly.com
Hourly Marriott workers in Philadelphia are in the midst of a lawsuit against the Marriott Employees Federal Credit Union, saying that the credit union's $500 ...
All the Ways You Can Get Your Student Loans Forgiven Lifehacker
With the average student loan balance hitting $29800 for the Class of 2018, you're probably looking for any help you can get paying off your debt. And if you ...
Car Loan Delinquencies Reach New High NPR
Economic pessimists seized on new data indicating an increase in car loan delinquencies as evidence of a looming recession, but a downturn is likely simply ...
Regulating Payday Loans The New York Times
A reader says a well-intentioned regulation could actually harm those of limited means for whom these loans are a last resort.
Croatia central bank warns about risks of rising cash loans Reuters
Croatia's central bank is concerned about a recent sharp increase in cash loans and may introduce measures to limit those risks, it said on Monday.
SBA Loans: December 2018 BizTimes.com (Milwaukee)
The U.S. Small Business Administration approved the following loan guarantees in December: Kenosha County D & A Fleming Properties LLC, 6127 Green Bay ...
No-interest loans help individuals, small businesses succeed in Cleveland News 5 Cleveland
It wouldn't have been possible without a no-interest loan from HFLA of Northeast Ohio. Younger already owed a lot of money and other lenders likely wouldn't ...
NY Fed says auto loan delinquencies at highest point since 2010 WPTV.com
DETROIT (AP/WPTV) â€” Borrowers are behind in their auto loan payments in numbers not seen since delinquencies peaked at the end of 2010, according to the ...
Burden of student loans cause depression, problems for young adults KCTV Kansas City
American student loan debt totals more than $1.53 trillion, according to the Federal Reserve.
Expensive loans to desperate people built this $90 billion industry GazetteNET
NEW YORK â€” During the recent government shutdown, U.S. Secretary of Commerce Wilbur Ross wondered aloud why financially stressed federal workers ...
Fight Substance Abuse, Get Your Student Loans Paid Forbes
A federal agency will help pay down your loans if you commit to fighting substance abuse.
More Americans are behind on their car loans than ever before CNN
More than 7 million car loans were past due by at least 90 days in the fourth quarter, according to data released this week from the New York Federal Reserve.
Why did your mortgage lender sell your loan? Las Cruces Sun-News
If you've ever taken out a mortgage, there's a good chance the lender who made the loan to you sold it to another bank or investor. Why?
A GOP proposal could snatch your student loan payment right from your paycheck MyTwinTiers.com
Student loan borrowers would have their monthly bills automatically deducted from their paychecks if a Republican-backed proposal becomes law.
Morgan Lewis Principal Weighs In On Payday Loan Debate pymnts.com
As the CFPB has released an overhaul of payday loan regulations, Morgan Lewis Principal Nicholas Gess weighs in on the payday lending debate.
Elections Coming, Greece Will Subsidize Bad Mortgage Loan Payments The National Herald
With Prime Minister and Radical Left SYRIZA leader Alexis Tsipras reneging on promises to help beleaguered homeowners during a more than 8 Â˝-year long ...
This start-up is bringing fast home equity loans to your smartphone bank app CNBC
Blend's *service* is the latest example of a tech start-up working with banks, rather than competing against them, to bring easier-to-use digital services to the ...
China stocks jump on trade talk hopes, strong loan data CNBC
SHANGHAI, Feb 18- China stocks jumped on Monday after trade talks between the United States and Beijing saw progress ahead of a March 1 deadline, and ...
US secured bond sales jump as red-hot loans cool Financial Times
Corporate borrowers are following the flow of money away from leveraged loan funds.
FSA audit: Oversight of U.S. student loans lacking UPI.com
The U.S. Department of Education's student loans unit failed to oversee and hold accountable the companies it pays to manage the nation's student loan debt.
Ex-Workers Get More Time to Repay 401(k) Loans Kiplinger's Personal Finance
If you leave your job while you have an outstanding 401(k) loan, Uncle Sam now gives you extra time to repay it thanks to the new tax law.
UPDATE 1-Italy govt to seek renewal of bank bad loan scheme-govt official Reuters
(Adds details, comments from sources). MILAN, Feb 18 (Reuters) - Italy's government will seek to renew a state guarantee scheme designed to help banks shed ...
Trade War Update: China Exports Up, Loans Up And U.S. Investments In China Up Forbes
Meanwhile, trade negotiations continue as China hopes to outlast Trump's tariff push.
Payday Loans Are No Worse Than Avocado Toast Forbes
The CFPB is proposing es to rescind key provisions of its 2017 payday lending rule. Good. The old rule threatens to starve millions of hard working Americans ...
DBS forecasts stable loan growth this year after record 2018 profit Yahoo Finance
DBS Group Holdings Ltd, Southeast Asia's biggest lender, forecast stable loans growth for 2019 after a robust increase in net interest margin drove an 8 percent ...
Indiaâ€™s Sleepwalking to Trouble on Builder Debt Bloomberg
Generous loan terms, indolent construction and a lack of market discipline have shielded the nation's developers. That's changing.
Son of Mozambique ex-president arrested in loans scandal Financial Times
Loans financed tuna fishing fleet but funds diverted to kickback, say US prosecutors.
Americans getting behind on car payments: What it could mean Detroit Free Press
Experts are raising concerns, especially for the Motor City, about the rising cost of cars and a weakening economy.
Punjab Budget Live: Loans of farmers who committed suicide to be waived The Tribune India
Tribune News *Service* Chandigarh, February 18. Punjab Finance Minister Manpreet Singh Badal presents the third budget of the Capt Amarinder Singh ...
Bad loan manager Fire to boost assets as it considers IPO: CEO Reuters
Italian bad loan investor Fire is looking to add 1 billion euros ($1.1 billion) in assets under management this year as it works towards an eventual stock market ...
Personal loans 101: How they work and who can qualify for them INSIDER
Unlike credit cards, personal loans offer a fixed interest rate, fixed repayment term, and fixed monthly payment. Read on to learn more.
Federal government not forgiving student loans for Americans working in public service for a decade - KSHB
Federal government not forgiving student loans for Americans working in public service for a decade KSHB
The federal government is not forgiving student loans for thousands of Americans working in public *service*.
BoG chief convenes meeting over loan to gov't official | Kathimerini www.ekathimerini.com
Bank of Greece Governor Yannis Stournaras has called an emergency meeting with officials from Attica Bank to discuss a controversial loan that was issued by ...
Student loan debt in 'serious delinquency' hits $166 billion New York Daily News
Student-loan delinquency rates accelerated last year, topping out at $166.4 billion in the fourth quarter.
Club Loans Tommy McCabe to North Carolina FC FC Cincinnati
CINCINNATI â€“ FC Cincinnati have loaned midfielder Tommy McCabe to North Carolina FC. FC Cincinnati announced the signing of McCabe â€“ along with four ...
Non-Banks Need To Be More Transparent About Their Leveraged Loans And Other High-Yield Exposures - Forbes
Non-Banks Need To Be More Transparent About Their Leveraged Loans And Other High-Yield Exposures Forbes
Non-bank financial institutions' and banks'risks are increasingly interconnected. GettyGetty. As part of its role to monitor systemic risks around the world, the ...
How To Never Get Rejected For Student Loan Forgiveness Forbes
You've read the headlines: 99.5% of people were rejected for student loan forgiveness. Here's what to do about it so you never get rejected for student loan ...
Want a loan? Better not mention youâ€™re a vegan The Guardian
NatWest has apologised and paid compensation after a woman seeking a loan for a vegan nutrition course was told 'all vegans should be punched in the face'
Wall Street Sees No Evil as Junky Loans Surpass $1.3 Trillion TheStreet.com
The Federal Reserve is sounding alarms on the growing risks from loans to companies with poor credit ratings. So are the International Monetary Fund, ...
Over 60, and Crushed by Student Loan Debt The Wall Street Journal
Older Americans are struggling under the burden of student loansâ€”their children's and their own.
Report takes aim at Texas auto loans, which top the nation Houston Chronicle
It's a trope, but true: Everything is bigger in Texas, including the car loans. Texans borrow a nation-leading $6,520 per capita for automobile purchases, ...
SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments Economic Times
NEW DELHI: State Bank of India Monday said it would waive all outstanding loans taken by 23 CRPF personnel who were killed in the Pulwama terror attack.
DBS profit driven by loans as turmoil hurts wealth, trading - Business News The Star Online
SINGAPORE: DBS Group Holdings Ltd. relied on lending to boost fourth-quarter profit as financial-market turbulence hit its trading, wealth and investment ...
Consumer Protection Bureau Cripples New Rules for Payday Loans The New York Times
Payday lenders won a major victory on Wednesday after the Consumer Financial Protection Bureau moved to gut tougher restrictions that were to take effect ...
What Credit Score Do I Need for a Home Loan? Yahoo Finance
You can get a home loan with a surprisingly low credit score, but there's good reason to aim higher.Image source: Getty Images.
Seven Million Americans Delinquent on Auto Loans Could Be a Bad Sign MSN Autos
Think about the impressive number that is $1.3 trillion. That's the total amount of auto-loan debt in the United States today, representing a $584 billion increase ...
Wilbur Ross says government employees should just get loans, but it's not that easy CNBC
Here's the help major banks are offering to government workers affected by the shutdown.
Norway Sets Credit Limits for Booming Consumer Loan Market Bloomberg
Norway stepped in to limit the growth of high interest rate consumer loans and credit card debt to protect the economy from ballooning household leverage amid ...
Witness: Mangano played key role in Singh's loans Newsday
Edward Mangano played a key role as Nassau county executive in securing Oyster Bay's backing for millions in loans for Harendra Singh that prosecutors ...
Young People Are Doomed by Student Loans, Not the National Debt VICE
Rich old people love to freak out about the budget deficit. They are ignoring a much bigger issue.
For desperate Americans considering a payday loan, here are other options MarketWatch
Consumers have many alternatives when it comes to payday loans â€” many of which offer lower interest and other benefits.
Consumer crunch: Banks set to crack down on credit cards, car loans Sydney Morning Herald
Banks may make it harder for consumers to get car loans, credit cards and personal loans under proposed rules from the corporate regulator.
Government loans helping north Simcoe businesses get started Simcoe.com
Group of local businesses can thank North Simcoe Community Futures Development Corp. for helping them get off the ground.
Kuwait approves $2bn loans to Africa Journalducameroun.com - English
Published on 18.02.2019 at 10h21 by APA News. Share. Kuwait has approved $2 billion as grants and concessionary loans to African countries, the ...
Interest-free loans of Rs 1 lakh to farmers Times of India
Dehradun: The state government announced interest-free loans of upto Rs 1 lakh for poor and small farmers in the Rs 48663-crore budget for 2019-20 pr.
Chinaâ€™s private firms going bankrupt after guaranteeing othersâ€™ loans - South China Morning Post
Chinaâ€™s private firms going bankrupt after guaranteeing othersâ€™ loans South China Morning Post
Banks reluctant to lend to non-state sector without a guarantor, so cross-guaranteeing is common and one bad loan can trigger multiple defaults.
TSP will allow participants to take loans during next shutdown Federal News Network
The Thrift Savings Plan will allow its participants to request a loan during future government shutdowns, giving federal employees a potential option to alleviate ...
Prominent Republican wants to take student-loan payments out of your paycheck MarketWatch
Senator Lamar Alexander of Tennessee floated the proposal as part of a speech outlining reforms to the student-loan system.
Revealed: How insiders' loans fraud sank Chase Bank The Star, Kenya
Former Chase Bank Kenya chairman Zafrullah Khan awarded himself a three-year consultancy contract for unspecified projects in the bank, 16 months before it ...
Witness: Singh loans were a 'sham and not legal' Newsday
Jonathan Sinnreich, who served as Oyster Bay's outside counsel, said he objected in 2010 to helping the deputy town attorney draft amendments to two of ...
Proposed change to federal student loan program could make payments automatically withheld - KEYE TV CBS Austin
Proposed change to federal student loan program could make payments automatically withheld KEYE TV CBS Austin
The tuition freshman Cameron Pierrotti pays at the University of Texas is about $40000 a year. "I'm from Louisiana, so I came here out of state," he explained.
'It's A Dog Fight': Banks See Increased Competition For Construction Loans Bisnow
Lenders say the construction financing landscape has become increasingly competitive, leading some questionable projects to receive loans.
How One Woman Paid Off $110000 In Student Debt Before She Turned 30â€”Without Sacrificing Her Social Life - Cosmopolitan.com
How One Woman Paid Off $110000 In Student Debt Before She Turned 30â€”Without Sacrificing Her Social Life Cosmopolitan.com
The totally doable way one woman crushed her student debtâ€”and still had a life.
Purdue offering income-share agreements as way to pay off student loans WGN TV Chicago
Purdue University has a creative new way for its graduates to repay their student loans. It's called an income-sharing agreement. Graduates will make payments ...
Student Loans Becoming a Retirement Issue Wall Street Journal
Parents are better off dealing with the temporary tears of a teenager unable to attend a high-cost dream college.
Low-Interest Loan Options for Furloughed Federal Employees U.S News & World Report Money
When you're living paycheck to paycheck, missing one pay period because of a work furlough can derail plans for your budget and overall financial health.
Slippery slope? Unconventional home mortgages are on the rise The Real Deal
Unconventional mortgages â€” the likes of which were criticized for their role in the financial crisis â€” are making a comeback. These loans are aimed at buyers ...
Quicken Loans launches new Rocket Mortgage logo Crain's Detroit Business
Quicken Loans Inc. has a new logo for its Rocket Mortgage product, and there are no rocket ships involved. The Detroit-based mortgage lender, which debuted ...
These were the 10 largest Manhattan real estate loans in January The Real Deal
The top 10 Manhattan loans recorded in January totaled just over $2.9 billion, staying more or less flat for the third straight month.
Student Loan Relief or Paid Vacation? These Workers Get a Choice Bloomberg
Starting next year, U.S. employees at insurance company Unum Group will have a choice: The company will put money toward their student loans, if the worker ...
Your 2019 Guide to the Student Loan Interest Deduction Motley Fool
If you make student loan payments, here's what you need to know about the tax benefit you may be entitled to.
Guan Eng urges banks to give cheaper loans to SMEs New Straits Times
KUALA LUMPUR: Finance Minister Lim Guan Eng urged banks to extend cheaper loans to small and medium-sized enterprises (SMEs) to ease the cost of doing ...
Januaryâ€™s Stock-Market Rally Revives Appetite for Risky Margin Loans The Wall Street Journal
Margin debt tumbled with shares in December, but a rebound last month indicates investors' taste for risk is recovering.
Heavy Student Loan Debt Forces Many Millennials To Delay Buying Homes NPR
The Federal Reserve says the big increase in student loan debt is creating a noticeable dent in younger people's ability to buy homes. But economists say ...
How to Deduct Student Loan Interest on your Taxes (1098-E) U.S. Department of Education
If you made federal student loan payments in 2018, you may be eligible to deduct a portion of the interest paid on your 2018 federal tax return. Learn more about ...
Unconfirmed: Novogratzâ€™s Galaxy Digital to Raise $250 Million to Offer Crypto Loans - Cointelegraph
Unconfirmed: Novogratzâ€™s Galaxy Digital to Raise $250 Million to Offer Crypto Loans Cointelegraph
News. Mike Novogratz's crypto merchant bank Galaxy Digital is reportedly raising at least $250 million to offer loans to crypto-related firms, according to an ...
BayCoast Bank promotes Silva to first VP of loan operations Taunton Daily Gazette
SWANSEA/HALIFAX - BayCoast Bank is pleased to announce that Nancy L. Silva of Halifax has been promoted to first vice president/loan operations.In this role ...
Tax refund advance often too good to be true: What to know Detroit Free Press
Demand for tax refund advances could go up, thanks to the government shutdown. But read the fine print carefully and watch out for high tax prep fees.
Salt Lake City Council creates emergency loan program for federal employees as potential government shutdown looms closer - Salt Lake Tribune
Salt Lake City Council creates emergency loan program for federal employees as potential government shutdown looms closer Salt Lake Tribune
As the threat of another government shutdown looms at the end of this week, the Salt Lake City Council approved an emergency loan program on Tuesday that ...
How to Get a Secured Loan UK
Living in the United Kingdom, you might find yourself in the market for a secured loan UK. Before rushing out to try to find one, however, you might want to do a little bit of research? after all, there's a bit more to it than simply heading down to the bank and getting them to loan you the money.
Applying for a Payday or Cash Advance Loan Online
Applying for a payday loan online is a quick and effective alternative compared to actually driving to a payday advance store. There are several reasons why applying online is in your best interest.
5 Things Pensioners Applying for a Loan Should Remember
Are you a pensioner applying for a loan? Here are 5 things you should rememberAs a pensioner, applying for loans and finance can be problematic. Some of the best deals in the market may be unavailable to you because you do not meet the ideal criteria that lenders look for.
Car Loans for People With Bad Credit
Car loans for people with bad credit are readily available online. After completing an online car loan application, you can expect an approval within a few minutes.
Getting the Best Auto Loan Rates
Getting a good auto loan rate is not luck, but rather a skill that you must learn. There are good auto loan rates available if you know the tricks of the trade and how to negotiate to get the best deal for you.
No Income Verification Home Equity Loan
A no income verification home equity loan is a second mortgage loan that does not require you to provide income documentation to qualify for the loan. This type of loan is great for homeowners who need a home equity loan but have hard to document income.
No Money Down Loans
You want to buy a home but you do not have money for a down payment or for closing costs? Well, just forget it. At least that is what you have probably been told by people who think they know what they are talking about, but simply do not.
Making Cars Accessible Through Secured Car Loans
Enervated by the hectic schedule at the work place, traveling back to home in a public transport carrier seems to be a grueling task. This reasons out the transformation of cars from luxuries to necessity.
How To Save Money On Car Loans
Have you noticed that everyone seems to have a newer car than you? There's good news. You can find a way to upgrade your old clunker to a newer model.
Where to Look for a Fast Homeowner Loan
If you're looking for a fast homeowner loan, you might not know where to begin your search.Some banks and finance companies can take weeks to make loan decisions, and if you need a fast homeowner loan then that's time that you can't afford to spend waiting.
What is a Bridging Loan?
A bridging loan as the name implies is a loan used to "bridge" the financial gap between monies required for your new property completion prior to your existing property having been sold.A bridging loan is in simple terms a short-term mortgage that is secured against the property that you are selling, with the money that is lent being used to complete the purchase of the new property.
Finding the Secured Homeowner Loan for You
If you've been thinking of getting a secured homeowner loan, you'll find it worth your time to do a little research on these loans and to shop around for the best deal.Getting a secured homeowner loan can help you to take care of any of a variety of expenses? from autos and vehicles to home improvements and debt consolidation, these loans have a much wider spectrum of usage than most secured loans.
Motorcycle Loans For Military With Bad Credit
Motorcycle loans for military with bad credit aren't hard to come by. In fact when you start your search for the lender you will find more then an ample supply of companies just waiting for your business.
Personal Loans and Lines of Credit
Personal LoansNormally, a personal loan is unsecured meaning there is no collateral. When you obtain a personal loan, you borrow an amount of money for a set period of time and pay interest on the outstanding principal balance.
What is a Car Loan?
A car loan is a type of credit offered by a bank or other financial lender for the specific purpose of buying a vehicle. Car loans allow you to finance buying a new or used car.
Online Loans: The Easy Way to Apply
The internet is a great place to find the right lender for obtaining a loan. One can apply online by filling out a simple application and submitting it with just a few clicks of the mouse.
Making Your Business Happen with a Commercial Lender
If your home business is starting to overflow from the office into other parts of the house, it may be time to consider finding a building large enough to handle your startup's rapid growth. However, most businesses are unable to generate enough revenue at this phase of growth to allow for the outright purchase of a new facility.
How to Find a Good UK Secured Homeowner Loan
If you're looking for a UK secured homeowner loan, you might not know where to turn.How can you insure that you're getting the best interest rates and repayment terms? Exactly what does it mean to get a UK secured homeowner loan, anyway?If you feel a bit lost with the whole process, don't despair? getting a good UK secured homeowner loan doesn't have to be difficult.
Signature Loans: A Signature Can Relieve Stress Of No Collateral And Bad Credit
The dynamics of loans borrowing procedure has brought new ways of borrowing in the forefront. Signature loans are remote from traditional forms of loans borrowing which requires collateral to be placed as the guarantee of the loan borrowed.
A Guide to Finding Inexpensive Direct Loans
For those individuals who are looking for fast and inexpensive direct loans, it may seem as though there is too much information and too many possible loan options for them to make an informed decision about the direct loans that they want.Of course, there are a variety of resources available to help people understand direct loans? the tricky part is finding the best loans to fit your needs and paying as little for them as possible.
|home | site map|
|TIGER MEDIA© 2006|