A person who owns his own home has the added benefit of being able to get a homeowner loan by putting his house up as collateral. A homeowner loan is always a secured loan because the borrower puts up his house as collateral. The money you get...
It's one thing to own a home. It's quite another to keep it in great shape and update it with things like Italian marble tiles and ceiling repairs. Because of how people are made, their wants and priorities change over time. Those whose floors...
Loan sharks prey on poor people while the government protects them. In 1987, the BBC show Panorama looked into loan sharks. Tony Blair, who was the Labour Party's city spokesman at the time, said on the show: "You need some control and regulation...
People often remortgage when they need to solve a problem. You should try to get the best remortgage rates possible when you apply for one. Before talking about the best remortgage, it's important to know what it is. It's just negotiating a deal...
Before we can understand a refinance mortgage loan, we need to know what a mortgage loan is. A loan that is backed by a piece of property is called a mortgage. Once the loan is paid back, the lien is taken off the property and the owner gets back...
When you get a loan, sometimes you can't make the payments on time. There are a lot of things that can cause this, like medical bills, unplanned costs, or bad spending and saving habits. No matter how hard you try, you always end up falling...
Most of the time, there are two types of homeowner loans: ones that are secured and ones that are not. A home owner loan is based on how much equity you have in your home. If you have 100% equity, it goes without saying that the loan's principal...
One of the easiest kinds of loans to get is a loan that is backed by something. Secured loans are less risky for lenders, so they are much more likely to be offered than other types of loans. So, a person who wants a secured loan probably won't...
Secured loans are a type of loan agreement where the security is something of value, like the equity in your home. Secured loans are made to be safer and less risky for the lender in case you can't pay back your loan for some reason. If the loan...
A house is not something you buy every day. Everyone wants to own a house, but it takes a lot of money and careful planning to do so. When you decide to buy a house, you don't want to give up anything, but your money and time are limited. Now...