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Direct loans, the new way to fund going to college
Going to college can be an expensive proposition for both the student and the government. Many people are finding that going to college is an impossible dream due to raising tutitions and cost of living unless they receive help in the form of a...
Fixed Rate Mortgage Loans - Understand the Pros and Cons of the Fixed Rate Mortgage
There are many benefits and drawbacks to consider when deciding if a fixed rate mortgage is right for you. It is important to look at all options when it comes to something as important as getting a mortgage for your new home. There are a few...
Home Loan and Home Loans
Home loans are available in a variety of different mortgage packages, and homes loan agencies and mortgage companies are offering exciting and competitive mortgage options to homebuyers. Getting a home loan has never been easier, and even those...
Payday Loans: How To Make Them Work For You
Payday loans may be right for you if you need some money for a short time. Car repairs, medical emergencies and other unexpected expenses can really strain your finances. Some weeks last longer than your wages do. So you simply borrow enough to...
Personal Loan and Personal Loans
Personal loans can be obtained from a wide variety of lending companies that offer secured and unsecured personal loans. If you are in need of a small, unsecured personal loan in the amount of $1,000 or you need personal loan in the thousands of...
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Secured Loans With Low Interest and Easy Repayment Are The Best Option For Borrowers
Secured loans - one of the most popular types of loan uses the
home or any other property owned by the borrower as collateral.
The borrower pledges his property to the lender for the
repayment duration. Although there are numerous other types of
loan, but lenders are most comfortable while giving a secured
loan. The obvious reason for this comfort is the element of
security or collateral. This collateral ensures a peace of mind
for the lender because he has something to bank upon in case the
borrower defaults. This security prompts the lenders to offer
loans at low interest rates. Secured loans are panacea for
people who otherwise would have faced a rejection due to their
poor credit ratings or any other cause. Thus by offering proper
collateral almost anyone can get the desired loan. Secured loans
can be taken for a wide spectrum of uses such as debt
consolidation, renovation of homes, funding a holiday or buying
a new car.
The amount a person can get as a Secured loan is dependent to a large extent on the value
of the collateral. With proper collateral, secured loans of
£5000 to £ 50,000 are easily available. However, if the lenders
feel that the collateral is of sufficient value and the borrower
has a good credit history, they do not hesitate in lending large
amounts. Secured loans come with very easy repayment options and
lenders keep borrower's requirements into consideration while
deciding on repayment plans. Secured loans have repayment
periods stretching from five to twenty five years.
APR (Annual Percentage Rate) should be given serious
consideration by every borrower who wants to take a secured
loan. The APR is the interest rate charged on the loan. Secured
loans have very low APR's ranging between 5% to 8% depending on
the loan term, collateral value and credit worthiness of the
borrower. While taking a secured loan a borrower has to pay some
fees to the lender. The lender has to ensure that the collateral
is of sufficiently high value. For this purpose he takes the
help of a professional valuator. This professional engagement
has to be paid by the borrower. The solicitor's fees are also
charged for preparing
legal documents. The conveyance and office
charges also add up the cost of taking a secured loan. The
borrower should be aware of all such fees and ask the lender
about it in advance.
The process of applying for a secured loan has become very easy
and hassle- free thanks to the modern advances in information
technology. All the leading financial institutions and top of
the line lenders have online presence these days. It takes just
a few minutes to submit an online application via the lender's
website. A borrower can also apply through a phone and by
visiting the lender's office in person.
Since a valuation process is involved in taking secured loans,
the approval of such loans take a longer time as compared to
unsecured loans. Lending agencies, in spite of having collateral
will like to ensure the borrower's creditworthiness. For this
the lenders take the help of existing credit rating agencies.
Most of the lenders take explicit permission from the borrower
before performing any credit check. The entire process from
submitting the application form for the secured loan to loan
approval will be completed within 30 days in most cases. A
credit agreement will enforce the terms and condition of loan on
both parties- the lender and the borrower. It would be a wise
decision if a borrower goes through the fine print of this
agreement to avoid falling into any trap, which might be
detrimental to his financial and other interests. Shopping
around for the right lender with the most economical offer and
the lowest APR will save a fortune for the borrower.
Steve Clark can tell you how to look better, live better and
breathe better by giving you tips to improve your finances.He
writes on loans. His ideas can help you rejuvenate your money.To
find Secured loans for homeowners,home secured loans UK visit http://www.easyhomeown
erloans.co.uk.
About the author:
Steve Clark can tell you how to look better, live better and
breathe better by giving you tips to improve your finances.He
writes on loans. His ideas can help you rejuvenate your money.To
find Secured loans for homeowners,home secured loans UK visit
http://www.easyhomeownerloans.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... |
www.moneysupermarket.com |
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E-LOAN: Mortgage Refinance, Home Equity, Auto Loans, Savings ... |
E-LOAN offers home mortgage, refinance, home equity loans, lines of credit, auto and motorcycle loans, savings accounts and CDs with great rates online. |
www.eloan.com |
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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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