All
Things Financial Homeowner Loan
All Things Financial Secured Loans
There
are two main types of loan. Secured and unsecured loans. Secured
loans are also known as second mortgages and a charge is taken
out on your house as security in the event that the loan is
not repaid.
The
unsecured loan is a more risky type of lending because if
the borrower doesn't repay the loan the lender has nothing
to recover to sell to repay the loan. Therefore the unsecured
loan is charged at a much higher interest rate. These loans
are also normally for a shorter time period of up to 5-7 years.
Secured
loans are longer term loans and can be for much larger amounts,
sometimes up to £100,000.
Interest rates will vary according to the amount borrowed
and the credit status of the applicant, however there are
secured loans for those with adverse credit problems such
as CCJ's and IVA's and mortgage arrears. The loans can be
used for almost any legal reason and repaid as capital and
interest or interest only with an investment vehicle. Schemes
are also available for those with negative equity.
If
you would like to apply for a secured loan from All Things
Financial fill in their application form.
All
Things Financial secured loans offer lower interest rates
than unsecured loans because there is less risk to a finance
company. Most people choose a secured loan from All Things
Financial because the savings in interest over the term of
the loan can be quite considerable.
All
Things Financial would like to remind you that:
YOUR
HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE
OR OTHER LOAN SECURED ON IT.
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