What is a Secured Loan?
A secured loan is simply a loan that uses your home as security against the loan. Secured loans are suitable for when you are trying to raise a large amount; are having difficulty getting an unsecured loan; or, have a poor credit history. Lenders can be more flexible when it comes to secured loans, making a secured loan possible when you may have been turned down for an unsecured loan. Secured loans are also worth considering if you need a new car, or need to make home improvements, or take that luxury holiday of a lifetime.
Benefits of secured loans include:
Lower monthly repayments than unsecured loans
The ability to borrow more money
Spread repayments over a longer period of time
More detailed information??
A secured loan is a type of loan available to people with securable assets. Usually these assets take the form of property, such as a home; this is why secured loans are often referred to as 'homeowner loans', "home loans", "secured personal loans" or "second charge loans".
You do not have to own your own home outright to be able to take out a secured loan; if you have a mortgage you can put the proportion of the home that you own up as security.
Because a secured loan is secured on property, most lenders will approve your loan even if you have a history of adverse credit such as county court judgements (C.C.J's), defaults and arrears.This make secured loans very attractive to people who would otherwise not qualify for a loan from their local bank.
You can borrow any amount from Ł5,000 to Ł75,000 and repay it over any period from 5 to 25 years. You simply select a monthly payment that fits in your current circumstances. Generally, secured loans tend to be cheaper than unsecured loans and other forms of borrowing.
The interest rate for a secured loan depends upon various factors such as the amount of money you borrow, the length of time and personal details. You can also insure your payments for peace of mind, so you do not have to worry if you lose your job or are unable to work because of accident or sickness.
Secured loans are arranged through leading financial institutions so you can be assured of a professional and responsible service such as, National Banks and Finance Houses like First National Bank, Black Horse Finance, Welcome Finance, iGroup amongst others.
Once your secured loan application has been processed and accepted you will be made a no obligation offer. It usually takes around 14 days for a secured personal loan to be completed and you can cancel any time within this period with no penalties.
You may freely reprint this article provided the author's biography remains intact:
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
Fitch Rates FCT Orange Bank Personal Loans 2020 'AAAsf' Fitch Ratings
How Transferring Colleges Can Affect Student Loans | Student Loan Ranger U.S. News & World Report
Picking out the right personal loan | Waco Today | wacotrib.com Waco Tribune-Herald
Here's how Huntington Bank plans to disperse $25M in community loans Columbus Business First
Government home loans: What are they, and should you get one? Business Insider
What happens after a mall defaults on its loans? Marketplace
SBA Guidance on PPP Loansâ€”Key Takeaways for Mergers and Acquisitions | Daily Business Review - Law.com
SBA Guidance on PPP Loansâ€”Key Takeaways for Mergers and Acquisitions | Daily Business Review Law.com
How Virginia's 2020 Fairness in Lending Act Reforms Small-Dollar Loans The Pew Charitable Trusts
Fitch Expects to Rate Navient Private Education Refi Loan Trust 2020-H; Issues Presale - Fitch Ratings
Fitch Expects to Rate Navient Private Education Refi Loan Trust 2020-H; Issues Presale Fitch Ratings
Banks in Fiji tighten up on loans due to poor economic environment - Xinhua | English.news.cn - Xinhua
Banks in Fiji tighten up on loans due to poor economic environment - Xinhua | English.news.cn Xinhua
USDA loans $18.2 million to improve Grand County hospitals coloradopolitics.com
28 County Businesses Affected By Pandemic Awarded Loans | News, Sports, Jobs - Jamestown Post Journal
28 County Businesses Affected By Pandemic Awarded Loans | News, Sports, Jobs Jamestown Post Journal
Denied for Student Loan Refinancing? What to Do Next Statesville Record & Landmark
Wild loans Marco Rossi to ZSC Lions in Switzerland Minneapolis Star Tribune
PPP loans add costs, delays to healthcare M&A Modern Healthcare
LBA Ware Issues Q3 2020 Mortgage Loan Originator Compensation Report, Enhances Analysis with Addition of Loan Processor Compensation Data - Galveston County Daily News
LBA Ware Issues Q3 2020 Mortgage Loan Originator Compensation Report, Enhances Analysis with Addition of Loan Processor Compensation Data Galveston County Daily News
Why 2020 Is Different for Student Loan Payments The New York Times
These Real-Estate Loans Require a New York State of Mind The Wall Street Journal
A Guide to Paying Off Your Student Loans ASAP Harvard Business Review
Deutsche Bank Swings to Profit, Lowers Bad-Loan Provisions The Wall Street Journal
Issaquah man charged with COVID-relief loan fraud for $1.1... Issaquah Reporter
Farmers Reports 3Q Income of $10.9M, PPP Drives Loan Growth businessjournaldaily.com
Man admits to filing fraudulent claim for stimulus loan Associated Press
Kodak Loan Debacle Puts a New Agency in the Hot Seat The New York Times
The Son of Former Supreme Court Justice Anthony Kennedy Helped Trump Secure Loans at Deutsche Bank - Law & Crime
The Son of Former Supreme Court Justice Anthony Kennedy Helped Trump Secure Loans at Deutsche Bank Law & Crime
How Trump Maneuvered His Way Out of Trouble in Chicago The New York Times
Geisinger, Evan benefit from COVID-19 loan repayment relief Sunbury Daily Item
Morgan State University seeks $70M loan for student housing construction, other projects - Baltimore Business Journal
Morgan State University seeks $70M loan for student housing construction, other projects Baltimore Business Journal
New guidance for PPP loans released American Dental Association
The Edge: Student-Loan Forgiveness That Could Respond to Borrowers' and Communities' Needs Now - The Chronicle of Higher Education
The Edge: Student-Loan Forgiveness That Could Respond to Borrowers' and Communities' Needs Now The Chronicle of Higher Education
Pyramid Hill Sculpture Park loans two pieces to Cincinnati Art Museum WKRC TV Cincinnati
Small-Business Loans Will Be Forgiven, but Donâ€™t Ask How The New York Times
The Looming Student Loan Servicing Crisis Center For American Progress
Student Freedom Initiative plans to make student loan debt a thing of the past for STEM students - BlackEngineer.com
Student Freedom Initiative plans to make student loan debt a thing of the past for STEM students BlackEngineer.com
How to Game Plan Your Paused Student Loan Payments The Wall Street Journal
Developer linked to Texas AG Ken Paxton says loan holders, judge conspired to steal his properties - The Dallas Morning News
Developer linked to Texas AG Ken Paxton says loan holders, judge conspired to steal his properties The Dallas Morning News
Loan payments loom as Trump fights for his political future â€“ and the future of his business - The Washington Post
Loan payments loom as Trump fights for his political future â€“ and the future of his business The Washington Post
Monument closes $67M construction loan, gets work underway on 310-unit NoMa building - Washington Business Journal
Monument closes $67M construction loan, gets work underway on 310-unit NoMa building Washington Business Journal
U.S. to Start Forgiving PPP Loans After Borrowers Complained The Wall Street Journal
Gumberg sues KeyBank and PNC affiliate over disputed loan funds needed for retail tenants including J.C. Penney - Pittsburgh Business Times
Gumberg sues KeyBank and PNC affiliate over disputed loan funds needed for retail tenants including J.C. Penney Pittsburgh Business Times
What to do after your PPP loan money runs out Fox Business
Maquoketa lands $6.2 million federal loan for project | Tri-state News telegraphherald.com
Scholarships are a Better Way to Use Lottery Dollars Than Student Loans - Georgia Budget and Policy Institute
Scholarships are a Better Way to Use Lottery Dollars Than Student Loans Georgia Budget and Policy Institute
What is a USDA loan, and are you eligible? Business Insider
The Kushnersâ€™ Freddie Mac Loan Wasnâ€™t Just Massive. It Came With Unusually Good Terms, Too. - ProPublica
The Kushnersâ€™ Freddie Mac Loan Wasnâ€™t Just Massive. It Came With Unusually Good Terms, Too. ProPublica
SBA offers total forgiveness for loans of $50,000 or less, helping PPP small-business borrowers - The Philadelphia Inquirer
SBA offers total forgiveness for loans of $50,000 or less, helping PPP small-business borrowers The Philadelphia Inquirer
NYCFC's Alexandru Mitrita scores golazo in first game on loan at Al-Ahli in Saudi Arabia - MLSsoccer.com
NYCFC's Alexandru Mitrita scores golazo in first game on loan at Al-Ahli in Saudi Arabia MLSsoccer.com
Secretary DeVos Fully Implements President Trump's Presidential Memorandum Extending Student Loan Relief to Borrowers Through End of Year - U.S. Department of Education
Secretary DeVos Fully Implements President Trump's Presidential Memorandum Extending Student Loan Relief to Borrowers Through End of Year U.S. Department of Education
Types Of Personal Loans Forbes
Federal Regulators Greenlight Small Installment Loans From Banks The Pew Charitable Trusts
9 of the best personal loans in 2020 Fox Business
Best Online Personal Loans for October 2020 Investopedia
Costly car loans may stall the COVID-19 economic recovery Brookings Institution
Worried Lenders Pounce on Landlords Unable to Pay Their Loans The New York Times
Interest Rates Are Low, but Loans Are Harder to Get. Hereâ€™s Why. The New York Times
Federal Bank Regulators Encourage Small Loans in Response to COVID-19 The Pew Charitable Trusts
Small Businesses Got Emergency Loans, but Not What They Expected The New York Times
Congress Extends Small-Business Loan Program for 5 Weeks The New York Times
Understanding the Types of Federal Student Loans Available | Student Loan Ranger - U.S. News & World Report
Understanding the Types of Federal Student Loans Available | Student Loan Ranger U.S. News & World Report
Finding Good Loans for Bad Credit
When looking for loans for bad credit, many people find that the loan offers that they receive are riddled with complex loan terms and excessive interest rates.If you're like most people, you don't want to pay more for loans for bad credit than you absolutely have to? and while the interest rates are likely going to be higher when it comes to loans for bad credit than they might be otherwise, there's no reason that lenders should charge an overly bloated rate simply because of a person's credit rating.
Secured Loans House the Most Positivistic Consequences of Loan Borrowing
One of the most enduring myths of loan industry is that secured loans are perhaps the most favorable loan type available. And guess what this myth is in fact one of the most enduring truths ever.
Secured Personal Loans - What You Need To Know About
Loans that are secured against property are called secured personal loans. They are suitable for when you are having difficulties getting an unsecured personal loan, are trying to raise a large amount, or you just have a bad/poor credit history.
Christmas Loans - A Gift on the Occasion of Christmas
It is still a few weeks to Christmas and every one is already up with demands. Little Mary, ever eager to add to her collection of dolls, wants the latest in the Barbie series.
Secured Loans vs. Unsecured Loans - Choosing Between the Two Diverse Ends
Often in our search for finance options, we are led into a crossroad where we have to make a choice between secured and unsecured loans. Both are equally alluring and put the borrower in a difficult spot.
Holiday Loans Can Expand The Horizon Of What You See
Why do kids get all the breaks? Winter-weary adults, fed up with gray, uninspired landscapes need spring vacation too. This year consider a get away to a room with an inspiring view.
Finding A Thin Credit Or No Credit Motorcycle Loan
It is no secret that thin or no credit can hurt just like bad credit when shopping for motorcycle loans. The main reason for this is that lenders all have a variety of strategies on how to approach motorcycle loans in their loan portfolios.
UK Loans Guide - Channelising Your Rising Budget in a Productive Mmanner
Every unknown road needs a milestone to configure where it leads. Every loan type in UK requires a guide to steer through the loans market.
A Look at Common Types of Loans
People sometimes wonder about common types of loans, especially with all of the different types of loans available.There are many common types of loans that may fall into the same categories, as well as some common types of loans that are only different in one or two small ways.
Military Payday Loans! The Before Pay Check Financial Fiasco, is History Now
Working under the most prestigious service of the country - military - and still struggling with ends to meet! Are finances crumbling on you? And you thinking of another job? Will it easy to maintain two jobs? How would it affect your life? Is there a guarantee that the second job will solve the financial crunch? Military payday loans can offer respite from these queries, if your cash problems are temporary.'Temporary' is the term to concentrate when you are applying for military payday loans.
Finding a Loan With Bad Credit
No matter what your credit history is the simple fact is that at some point in your life you will need a loan. If you have a few black marks on your credit report and you are feeling that your bad credit will not enable you to qualify for loans, do not feel despair because there are banks that will lend to people in your situation.
What is an Auto Loan?
An Auto loan is basically another name for a car loan. An auto loan is an agreement between a lender and a borrower in which the lender gives the borrower money and the borrower promised to pay back the amount of the loan and the interest.
The Truth In Lending Act
With a stated objective to help consumers, Congress deemed it fit that to enhance "economic stabilization and competition among the various financial institutions," lenders must give written disclosures on cost of credit and various terminology of repayment.Thus lenders are required by law to make detailed disclosures on:Costs of all loans with the annual percentage rate (APR).
Guide to Personal Loans
Here is a useful guide to Personal loans. What is a personal loan? A personal loan is money lent to an individual by a financial institution for a specific personal purpose.
A Look at Getting a Bad Credit Personal Loan
Trying to get a bad credit personal loan can be frustrating. It may be that you don't know where to turn to find the loan that you're looking for, or that you don't know the correct procedure for getting a bad credit personal loan.
A Beginners Guide to Online Loans
If you're just beginning to look at online loans, you might feel that you're getting in over your head.Online loans have been growing in popularity in recent years, due in no small part to the ease and convenience of being able to apply for online loans from the privacy and convenience of your home at any time of the day or night.
Online Loans Made Easy
What will it take for you to get a low interest, low payment loan? The answer to that question could be an online loan from one of the many companies that specializes in granting online loans, or e-loans.Some analysts forecast that as more and more customers expect better interest rates, and as competition for their business intensifies, loan institutions will focus even more on their efforts to lure as many customers as possible to use their services, and online loan institutions are no exception.
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.
8 Point Checklist: Evaluating Online Vendors
Debt Consolidation Tips
Here are some useful Debt Consolidation tips. Debt consolidation is a loan used to repay several other loans.
|home | site map|
|TIGER MEDIA© 2006|