A Secured Loan Could Save You Money

Written by Bwalya Mwaba


Continued from page 1

3. You can borrow larger amounts and repay over a longer period. The amount available usually ranges from £3,000 to £50,000, although some lenders will consider lending more. Compare this to unsecured loans where you're only allowed to borrow up to £25,000. If you wish to borrow a larger amount or if you require a longer period in which to repayrepparttar loan, secured loans may berepparttar 141016 most suitable for you.

4. You can consolidate more expensive borrowings into a single much cheaper monthly payment. You may choose to take out a secured loan in order to consolidate debts and replace high-interest loans with a low-rate loan. The loans being consolidated may include higher purchase loans, unsecured loans and credit cards.

Useful Points to Remember

Before you take out a secured loan, make sure that you can affordrepparttar 141017 monthly repayments. Also, readrepparttar 141018 loan agreement carefully and pay particular attention torepparttar 141019 rate of interest required,repparttar 141020 term ofrepparttar 141021 loan,repparttar 141022 repayments required andrepparttar 141023 total amount payable. If you fail to repayrepparttar 141024 loan,repparttar 141025 lender may repossess your property or home and sell it to repayrepparttar 141026 loan. If you borrow money using a mortgage as security you are agreeing thatrepparttar 141027 lender can claimrepparttar 141028 mortgaged property if you fail to keep torepparttar 141029 agreement. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. You can read some more articles about Secured Loans at: http://www.commercial-mortgage-guide.org.uk/loanguide/

© Copyright 2005, Bwalya Mwaba writes for the The Commercial Mortgage Guide. Visit our website for mortgage related news, articles, tools and more: http://www.commercial-mortgage-guide.org.uk/


How to Own Your Dream Home in Spain

Written by Rhiannon Williamson


Continued from page 1

Because ofrepparttar strength, stability and security ofrepparttar 141015 Spanish property market it is a relatively straight forward process to raise a mortgage or finance to afford to purchase a home in Spain. Obviously terms and conditions will depend on a purchaser’s individual financial circumstances, but some international mortgage lenders are prepared to consider future rental income fromrepparttar 141016 letting of a property as income on which they can baserepparttar 141017 amount they will lend you.

If you dream of owning a dream home in Spain you could consider buying now, lettingrepparttar 141018 property for part ofrepparttar 141019 year to cover your mortgage commitments and benefiting in person forrepparttar 141020 weeks ofrepparttar 141021 year when you usually holiday abroad.

If you were to purchase property in Benalmadena onrepparttar 141022 Costa del Sol for example, you would be buying into one ofrepparttar 141023 most desirable areas of Spain for holiday lets and purchasing yourself possibly one ofrepparttar 141024 best returning investment vehicles in property terms globally.

Onrepparttar 141025 one handrepparttar 141026 area benefits from a wealth of golf courses, entertainment parks, perfect beaches and direct access to Malaga airport for international accessibility making it simple to rent your property for top dollar weekly returns all year. Onrepparttar 141027 other handrepparttar 141028 area’s attraction means properties available will become scarcer and as demand surges and supply diminishesrepparttar 141029 value of your property will soar!

A true win win situation!

Rhiannon Williamson is the publisher of http://www.shelteroffshore.com/ - the online resource for investment property abroad articles, guides and resources. Click the following link for Spanish property or moving to Spain articles, guides, resources and recommended reading


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