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A Beginner's Guide to Secured Loans
You may have heard the term "secured loans" used in the past, not knowing exactly what it meant… but now that you're in the market for a loan you find yourself wanting to learn all that you can about secured loans.
In essence, secured loans are...
A General Discussion about Unsecured Personal Loans in the UK Financial Market
Personal loans are offered by lenders such as banks and building societies and are available in a variety of formats, each of which may differ in the possible size, term and purpose of the loan you need. The internet has widened the choice of...
Home Loans - Online Services And Resources To Help You
Copyright 2005 Dean Shainin
Interest rates on home loans are at the lowest they've been in many years. Now is a great time to take advantage of home loan financial services and resources available online. With a little education online you can get...
Information about Low Rate Loans UK
Low rate loans UK are a great way to get the money that you need for a project, large purchase, or other expense, without having to pay an exceptional amount for it.
A variety of lenders offer low rate loans UK as secured loans, meaning that they...
Personal Loans : Getting The Best Deals
There are certain things that you can always count on. Paying
interest on loans is one of them. But there are certain things
that you can do to minimise the amount of interest you do pay on
loans.
Everyone has to borrow money at some stage...
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Finding The Cheapest Loans
If there's one thing it's always worth doing, it's shopping
around for best deal. This is generally true for all purchases
you're going to make, but one place it's more important than
most is with loans. Many people don't think about it too much,
but loans are for many people, the single biggest financial
transactions they'll make in their lives.
All the major purchases you'll make will involve credit of some
sort. If you're buying a house you'll be searching for a
mortgage. If you're buying a new car it'll be auto finance. When
you travel you'll likely need a credit card if you don't already
have one. Remodelling your home, paying for college, for almost
everyone, they involve a significant amount of credit.
Shop Around
So it's worth shopping around. If we spend a day or more looking
for a good deal on a pair of jeans, why should we accept the
first credit offer we receive? Loan rates and terms can vary
enormously from lender to lender. All of them offer many
different rates at the same time depending on the promotion
you're applying under. They will also be setting the rate
according to your credit rating. The important thing to remember
is that credit is a very flexible market and pretty much all
lenders will be willing to negotiate rates and terms with you.
You've Got To Haggle
For example, if a rate seems too high to you, simply tell them
that, and
ask if there's a better rate available. Often their
first offer is not the lowest they're willing to lend at.
Another thing you can do is offer security for the loan. If you
own you're home and are confident in your ability to repay the
loan, maybe ask what the rate would be if it was secured over
your home. You'd be surprised at the difference in rate you'll
get simply for offering security.
Mortgages
If it's a mortgage you're negotiating, ask for both the variable
and fixed rate. Typically the variable mortgage will be a good
0.2% to 0.5% cheaper. This is because you will be bearing the
risk of an increase in interest rates. Auto finance is one of
the most varying areas in the market. You're dealer might be
offering you what seems like a good credit rate, but often if
you agree to pay cash, the price of the car becomes cheaper,
which means the loan is actually more expensive than it appears.
If this is the case, try and get the finance from another lender
and get the dealer's cash price for the car.
One other way of making a loan cheaper is by dropping optional
extras such as loan repayment insurance. This is often offered
when you take out a loan and can make a big difference to the
cost of the loan.
About the author:
Joseph Kenny is the webmaster of the loan information sites
http://www.selectloans.co.uk/ and also
http://www.ukpersonalloanstore.co.uk
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| Cheap Loans | car, personal & secured homeowner loans ... |
| Compare over 400 UK personal (unsecured) and secured homeowner loans, including car loans, to find the cheapest deals... |
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| Loan Center - Yahoo! Finance - News, Education, Daily Rates and ... |
| Loan Center - The Yahoo! Finance Loan Center provides useful tips, calculators, and rate data to help you choose an auto loan, mortgage, or personal loan ... |
| loans.yahoo.com |
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| FREE LOANS QUOTE - the customers champion. Finding you the right ... |
| COMPARE! Let us get you a loans quote with minimal fuss. We're the UK specialists. |
| www.moneyweb.co.uk |
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| Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
| Offers consumer loans for any purpose in the United Kingdom. |
| www.loans.co.uk |
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| FinAid | Student Loans |
| An education loan is a form of financial aid that must be repaid, with interest. ... The interest rate on the Stafford Loan for new loans first disbursed ... |
| www.finaid.org |
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| GovLoans.gov - Find the Right Loan for You |
| GovLoans is a partnership of many Federal agencies and organizations with a shared vision - to provide improved, personalized access to government loan ... |
| www.govloans.gov |
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| Loan - Wikipedia, the free encyclopedia |
| Bank loans and credit are one way to increase the money supply. ... Abuse in the granting of loans is known as predatory lending. ... |
| en.wikipedia.org |
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| Mortgages, Refinance, Home Loans, Home Equity Loans at Quicken Loans |
| Online lender offers simplified residential loans and competitive mortgage rates. Headquarters in Livonia, MI. |
| www.quickenloans.com |
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| Mortgage Loans - Compare Mortgage Rates - MSN Money |
| Get a mortgage loan that’s right for you. Compare mortgage loan rates of top lenders. |
| moneycentral.msn.com |
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| The Student Loans Company Ltd. |
| Provides details of the Student Loans system which is part of the Government's financial support package for students. |
| www.slc.co.uk |
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| Sallie Mae - Private Student Loans, Stafford, PLUS, Student Loan ... |
| Apply online for federal and private student loans, consolidate student loans; financial aid and scholarship information for college, graduate school and ... |
| www.salliemae.com |
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| Loan Guaranty Service, Home Page (U.S. Department of Veterans Affairs) |
| This page provides content and information related to the Loan Guaranty Home Loan Program. |
| www.homeloans.va.gov |
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| Fool.co.uk - Compare Loans - Personal Loans and Unsecured Loans |
| Compare over 200 UK loans including personal loans, secured loans, and unsecured loans. Search all loans and apply online. |
| www.fool.co.uk |
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| LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance |
| Service network of lenders that enables consumers to compare rates, apply for and get approval for competitive auto loans online. |
| www.lendingtree.com |
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| Direct Loan Home Page |
| The US Department of Education's lending arm for students in participating schools and student loan consolidation. |
| www.ed.gov |
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| Personal, home equity loans for union members at Union Plus |
| Union Privilege offers Union Plus benefits -- including credit card, mortgage, loans, insurance, scholarships, health care savings and other discounts -- to ... |
| www.unionplus.org |
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| Countrywide Financial - Home Loans - Equity Loan Mortgages ... |
| Countrywide Home Loans is the nations largest independent mortgage lender offering home equity, HELOC, refinance, mortgages, debt consolidation and other ... |
| my.countrywide.com |
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| Secured Loans UK - Secured Personal Loans - accepted.co.uk |
| We search over 200 secured loan plans to find the best deal from our lenders - accepted.co.uk. |
| www.accepted.co.uk |
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| UK Loans : Personal Loans, Secured Loans, Cheap Loan Quotes |
| The UK Personal Loan Store offers comparisons of the UK loans, personal and secured loans. Also offers tips, articles and latest loan news section. |
| www.ukpersonalloanstore.co.uk |
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