What is an Auto Loan?

Written by John Mussi


Continued from page 1

Auto loans can be seen asrepparttar riskiest of loans fromrepparttar 142179 lender's point of view. This is because an auto loan is for an asset that depreciates very quickly. Thus you will find that auto loans have generally a higher rate of interest than any other type of loan.

One ofrepparttar 142180 advantages of getting an auto loan is that when you get it before you go torepparttar 142181 dealer, you can negotiate as a cash buyer. Often you will save money when you negotiate from a cash buying position.

The main disadvantage of an auto loan is that, like any other loan, it must be paid back. Before you get a loan, make sure you are capable of makingrepparttar 142182 monthly payments. You can seriously damage your credit if you default on an auto loan.

You may freely reprint this article providedrepparttar 142183 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


Guide to Bridging Loans

Written by John Mussi


Continued from page 1

There are two types of bridging loan are available:

Open Bridging loan

This type of bridging loan is available when you have not yet finalisedrepparttar terms on which you are selling your own home, but are going ahead withrepparttar 142153 one you are buying.

Closed Bridging loan

This type of bridging loan is available when you have agreedrepparttar 142154 terms onrepparttar 142155 home that you are buying andrepparttar 142156 one that you are selling, but there is a delay in moving.

Bridging loans are available for all types of clients, from limited companies to individuals; from those with excellent credit status to those who have found it difficult to obtain mortgages and loans, including businesses, self-employed and those with a poor credit history.

Many different types of assets can be considered as security for a bridging loan, from residential, semi-commercial and commercial properties or land. Properties can be fully or partially developed, in perfect condition or need of renovation, or be of standard or non-standard construction.

Generally, you can borrow between £25,000 and £500,000 as standard. Larger loans are possible but may take slightly longer to arrange.

Lenders will usually allow bridging loans of up to 65% ofrepparttar 142157 value ofrepparttar 142158 properties - less any existing mortgage. But this will depend onrepparttar 142159 lender so shop around forrepparttar 142160 best deal.

As they are more risky forrepparttar 142161 lender thanrepparttar 142162 usual homeowner loans, bridging loans are more expensive and should only be used where you are fairly certain to repay them within a short period of time.

You may freely reprint this article providedrepparttar 142163 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


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