A Homeowner Loan is any loan which requires borrower to provide lender with some form of security, in case of Homeowner Loans 'security' will be a mortgage over borrower's home. This is usually secured on a property, although property can be mortgaged through another lender such as a bank or building society, assuming that there is some equity in house.

A Homeowner Loan will allow you to borrow money against your house, what this does is it enables you to not only get a quicker decision or borrow a larger amount but also lets you get a lower APR?

Homeowner loans can help you unlock capital tied up in your home. They offer solutions that many other loans do not offer, like long repayment terms.

Homeowner loans (where your home is used as security against loan) are suitable for when you are trying to raise a large amount; are having difficulty getting an unsecured loan; or, have a poor credit history. Lenders are more flexible with their underwriting, making a secured homeowner loan possible when you may have been turned down for an unsecured loan.

Applying for a bad credit loan if you are a homeowner with equity increases your chances of being successful, because lender is offering a loan against your property which is security in itself. If your homeowner loan application is successful it is possible, however, that interest rate may be higher depending on severity of your bad credit history.