Home improvement loans provided by loans companies are secured on value of borrower's property. The amount available to borrower is subject to equity in their property and their ability to repay home loans when their outgoings and other loans are taken into account.

A home improvement loan is one that is issued by lender on basis that you use amount of loan to make improvements to your home that will increase market value.

Typically a home improvement loan is offered by your existing mortgage lender, where equity value in house acts as security for lender. Where this is case, amount you can borrow may be determined by amount your improvements will add to market value of your home.

Home improvement loans can be arranged at same time as you are buying property. This is as long as total amount of mortgage and home improvement loan will not exceed value of property.

The reason why you would want to get this loan from your mortgage lender is that you may be able to obtain same interest rate on loans that you are paying on your mortgage, which cannot be beaten with a personal loan.

After interviews with one after another, I realized many of secrets that make them rich while others continue to struggle. When you understand and do what self-made millionaires do, you get to become one of them. If you don't understand and do what they do, you don't get to become one. It's really that simple.

Here are five simple reasons most people will never get rich and how to make sure you do:

Reason 1: Waiting to Start

Most people don't want to wait for success. But, at same time, they are willing to wait before getting started on road to success. Do you see problem here? The longer you wait to get started, longer it will be before you get money, success, and lifestyle you want. Many people are waiting for everything to be perfect before they get going. Therefore, they never get going and never get rewards. No race has ever been won (or even finished) by someone who never left starting line. Don't wait to get going. Start today on road to success.

Reason 2: Being Financially Illiterate

The cornerstone of all wealth is understanding difference between assets and liabilities. The difference is this: Assets put money IN your pocket. Liabilities take money out of your pocket. Most people think their home, car, and other possessions are assets. But, truth is that in most cases those things take money out of your pocket. They cost you money. They don't make you money. Therefore, by true definition above, those things are liabilities. They take money out of your pocket each month. When you have more money coming in from real assets than you have going out to pay for liabilities, you will be financially free.

There is only one way to do this. Which brings us to...

Reason 3: Focusing on Linear Income Instead of Passive Income