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Bad credit loans - if you did not know bad credit could be rescued
One financial mistake and you are down in dumps. It is under no circumstances a very choicest place to be. But only when you hit the rock bottom you realize that there is no way, except the way up. "Way up" not only sounds good, it is good. In the...
Bridge Loans: Everything You Wanted To Know
As the name implies, bridge loans fulfill a vital need for active developers by giving life to a new project in the months before lenders feel confident enough to make available a construction loan, or a repositioning loan in the case of an existing...
Debt Help - Debt Consolidation Loans Versus Credit Counseling
Debt consolidation loans are a do-it-yourself process, whereas
credit counseling helps you to make financial decisions. If you
already have a financial plan, then you probably don't need the
services of a credit counselor. However, if you have...
Home Loans in the UK
MOHAMMAD AMIR Chanceforloans.co.uk [WEDNESDAY, FEBRUARY 16, 2005, 00:00:00 AM] -------------------------------------------------------------------------------- Owning a home is the most important dream of any person. It is one of the basic...
Your home can act as carriage for your car loans. Do you know the term for that – secured car loans.
Since the invention of the first self propelled car by Nicholas Cugnot in 1769 the world has refused to be the same again. Lighter, faster, more mileage, improved accessories, enhanced equipments – year after year car companies are putting much...
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The Power of Home Equity Loans
A home equity loan is a great way to consolidate your debts, get a lower interest rate and manage your household budget. After a few years of paying down your mortgage you can use your new home equity to eliminate all your other debts. A home equity loan allows you to get a loan using the equity in your home as collateral.
This makes it a secured debt because you have an actual possession, the house that can be sold if a creditor needs to reclaim the money that you borrowed.
How does the home equity loan help you? Consolidate your bills. If you are like most homeowners, you are juggling several different debt payments including student loans, credit card bills, car loans and more. If you want to consolidate all of your debts then a home equity loan is probably the best way to go.
You are borrowing against stored cash, the equity in your home, so you can usually get a better deal from your bank and borrow larger amounts than if you tried to get a personal loan with no collateral. In addition, you will probably get a low interest rate that is great for cutting down credit card and other high interest
debt.
The rate will be slightly higher than you would get on a first mortgage so some caution must be followed before you decide that a home equity loan is the solution to your debt problems.
The interest on your home equity loan is tax deductible. This gives you an even better opportunity to get rid of your debt. Once you factor in the savings from your tax deductible interest payments you will see that the cumulative interest that you pay for borrowing is even less.
A home equity loan is not without risk It is often said that the best way to get out of debt, is to stay out of debt. If you cannot pay off the new debt that is now secured with your real property, you can lose your home. A home equity loan is a temporary proposition and must be approached in such a manner.
If you are overwhelmed and overextended, only a long term financial strategy that includes budgeting, paying off existing debts and possibly increasing your income can really lead to a debt free lifestyle.
About the Author
This article may be freely distributed as long as there's an active link to http://www.rapidlingo.com Syd Johnson Editor
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Cheap Loans | car, personal & secured homeowner loans ... |
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Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
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FinAid | Student Loans |
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GovLoans.gov - Find the Right Loan for You |
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Loan - Wikipedia, the free encyclopedia |
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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 |
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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. |
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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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