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Homeowner loans
27th March 2013
Video transcript
If you need to borrow a significant amount of money and you are a homeowner or paying a mortgage, looking into homeowner secured loans could be an option for you, whether you have a good or impaired credit history.Most loan options available on the high street are unsecured personal loans, where automated systems play a major role in deciding whether or not you`re able to take out the loan.
Not only that, but they limit you to relatively small amounts of money, most loans being well under £10,000 which may not be enough for your needs.
First Choice Finance are able to look at your individual circumstances to fit you to a homeowner loan that matches your needs and luckily lending conditions for secured loans like these are on the up, according to the 2012 Q4 Bank of England Credit Conditions Survey.
Factor in the facts that some home loan plans enable you to raise from just £3,000 up to £100,000 for virtually any purpose and the ability to pay it back over 3 to 25 years to suit your budget and you might see why many consumers choose these loans.
The money could be used for a whole host of reasons, such improving your home or if your family is expanding, you may need to buy a people carrier.
Alternatively, take control of your finances and use the money raised to pay off multiple credit cards or personal loans, to leave you with a single manageable monthly repayment.
Please bear in mind you may ultimately pay more interest if you keep the loan for the full term.
To get a free quote or just find out if we can help you with homeowner loans, talk to one of our finance experts for free from a landline on 0800 298 3000 or call 0333 0031505 on your mobile, otherwise please fill in our short on line form.
Using Your Home Equity To Get A Larger Loans
Unlike a personal loan a homeowner loan can be used to raise much larger amounts, upto £1250,000. The amount of money you are able to borrow will depend on a number of factors, these include your credit profile as well as the amount of equity you have available in your property. Here at First Choice Finance we are able to help answer your questions on homeowner loans and help you through the loan process from beginning to end.Because homeowner loans are usually larger than the unsecured counterparts the term of the loan is often longer. This means that the monthly repayments will often be lower as the longer term will spread the repayments more, although this will often result in paying back more interest on the loan over the term of the loan agreement. For more information please contact us and speak to one of finance experts who may be able to help, with a wide range of loan and mortgage options we have a finance solution to suit most circumstances.
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Unsecured Personal Loans |
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST
YOUR HOME. |
Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.
First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.
