|
|
|
40-Year Mortgages: An Alternative to Interest-only Loans?
Interest-only loans are quickly becoming a mainstream loan product. Borrowers who were initially turned-off by the perceived risk associated with an “interest-only” loan are now starting to see the benefits: Lower payments, less money tied up in...
A Brief History of Loans
No one can say for certain where the history of loans began… it's likely that people have been practicing lending and borrowing for as long as there has been a concept of ownership. The history of loans can be documented at least several thousand...
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. By the next day, you can have check in hand to purchase your vehicle. Car Loans...
The various types of loans out there
There are many types of loans available in the market today.
Depending if you are seeking some knowledge or information on
the various products out there, a little research helps. With
the booming economy many consumers are seeking refinancing...
Wedding Loans in the UK – Saving Future from the Present Wedding Expenses
It is wrong if you thought that typical British weddings are starving of novel ideas. In fact, there is a glut of ideas, and each idea sounds as enthralling as the previous ones. The only glitch then is of finance. Had weddings been the be-all and...
|
|
| |
|
|
|
|
|
|
Secured personal loans - single solution for all your financial ills
The general opinion of people about secured personal loans has
undergone a sea change. They are no longer considered as evil as
in the yesteryears. They have become as much a part and parcel
of the present day's individual as some of the essentials like
food. In fact, it is secured personal loan which finances food
and other needs in the absence of sufficient income.
Earlier people would abstain from taking personal loans unless
it was very urgent. Personal loans during those times were more
often than not secured through collateral. There was always a
fear of repossession of the asset. The fears were not completely
baseless. There were quite a large number of instances of
borrowers losing their assets to loan providers because of non
payment of the secured personal loans.
Lenders too have a changed their attitude towards borrowers.
Lenders earlier felt that unless strict vigil be kept on
borrowers, there are greater chances of defaults on the secured
personal loan. However, there is not much truth in the
allegations. Borrowers are obliged to repay any loan that they
take. They know that they have no option other than to keep up
with the payments. The payments have to be made, although may be
delayed. It is the borrower who is most seriously disadvantaged.
An increased payment has to be made in the form of penalty. The
loan provider seizes the collateral and the borrower's credit in
the financial market sees a fall.
Lenders now try to go deep into the reasons behind the non
payment, if any. For borrowers who are genuinely incapable of
making payments at a particular point of time, the lenders are
ready to make concessions in the form of payment holidays.
And why the borrowers of secured personal loans shall not be
treated thus. Having offered the loan provider a right on their
home or any other asset, they have covered a large part of the
risk associated with lending.
Through secured personal loans, borrowers can get up to £75,000.
The maximum the amount of secured personal loan goes is
£100,000. The lower limit for the borrowers of secured personal
loans starts from £5,000. The type of asset used for
guaranteeing loan repayments will influence the amount of loan
one qualifies for. The largest amount is lent against
home. Loan
providers mainly prefer home as collateral, because of the
relative safety that homes promise.
Secured personal loans leave the decision of utility to the
borrower himself. The borrower need not state the use for which
secured loan is needed. If the loan proceeds have been taken for
debt consolidation, the borrower at his will can use the loan
proceeds for buying car, home improvements, or for going on
exotic holidays.
Interest rate is where most borrowers find secured personal
loans the best. Secured personal loans are the cheapest of all
personal loans. The decreased risk and applicability to
individuals rather than businesses keeps the interest rates low.
Borrowers can find personal loans in the range of 6-25%,
depending on several factors like value of the collateral
offered, type of collateral, the credit status of borrowers etc.
Did we mention credit status? Credit status of the borrower
indeed has a role to play in secured personal loans, though not
as important as in unsecured personal loans. Borrowers' bad
credit history owing to CCJs, IVAs, and bankruptcy are little
important in secured personal loans. These borrowers too can
draw a good deal in spite of their bad credit history.
An important reason behind the popularity of secured personal
loans has been the independence borrowers get in deciding the
terms of the loan. The independence mustn't be misused however.
Taking decisions without sufficient information is as much of a
misuse of independance. One must not hesitate from talking to
experts on any of the issues associated with secured personal
loans. It is actually your asset that is on stake in the secured
personal loan, and taking the correct decisions will only bring
you nearer to retrieving the rights to the asset again.
About the author:
Peter Taylor is a senior financial analyst at easyfinance4u with
an acumen for finance and insurance. In recent years he has
taken up to provide independant financial advice through his
informative articles.His articles are widely read because of the
lucid manner of wriiting and thoroughly researched datas.To find
Secured loans,secured personal loans,secured debt consolidation
loans in uk that best suits your need visit
http://www.easyfinance4u.com
|
|
|
|
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
| Offers consumer loans for any purpose in the United Kingdom. |
| www.loans.co.uk |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| Direct Loan Home Page |
| The US Department of Education's lending arm for students in participating schools and student loan consolidation. |
| www.ed.gov |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
|