All posts by Moria Brand

Mortgage Finance

Debt Consolidation Arranged By Remortgages Or Consolidation Loans.

Whenever debt enters a persons life, the quality of life gets worse and the person troubled by debt discovers,, only too soon that happiness in life leaves and instead of a life lived in sunshine the world suddenly becomes depressing and there is no longer any joy. Both day and night the trouble about debt totally consumes you..

Truth to tell nothing ever does go away by itself and the debt will need help to go away, but do not worry as there is a a solution to every problem whether the problem concerns debt or not.

When a person has toothache and decides to go to the dentist often, as if by a miracle, the pain seems to disappear, but it is in fact still there and it i only because that person is afraid of the dentist that made the ache appear to go away. The pain will return if you decide to cancel the appointment with the dentist. It was only the blind panic experienced that took the pain away for a short time, but before you can blink the pain is back..

Debt too will not go away without help.

Debt seems to creep up gradually and only be taken seriously when there are far too many debts to cope with comfortably

When there are a lot of debts to pay each month, it is even a problem remembering when they should all be paid.

Debt worry is not a thing that anyone need suffer as there is always debt help at hand for people burdened with debt.

There is debt help available for tenants, and homeowners with no equity, in the form of debt management, or in extreme cases Trust Deeds.

For homeowners the best solution will likely be consolidation loans or remortgages that can form debt consolidation by rolling all outstanding financial outgoings into one payment monthly saving money as well as giving peace of mind.

The most important aspect to bear in mind, is never to ignore debt and to look for a debt solution as soon as possible whether it is debt management, a remortgage or a consolidation loan.

Learn more about consolidation loans. Stop by Champion Finance’s site where you can find out all about the very best debt consolidation for you.

Home Loans

The Comparison Between Secured Loans And Remortgages.

There are many sort of loans and these can come in the form of unsecured and secured loans ,but for homeowners it is sensible to use their homeowner status to borrow at low interest rates by means of remortgages and secured loans.

Secured loans and remortgages are of course only available to homeowners as they both need to be secured on property, and they are great ways for homeowners to raise money which can be spent on just about anything..

Other things to be considered when thinking if remortgages or secured loans are better.

Secured loans should be the loan taken out by homeowners who are in the first few years of a tie in period with their existing mortgage provider. In the tie in period there is an early repayment penalty if the mortgage is repaid and replaced with another mortgage that is a remortgage.

This penalty can be extremely high and can be many thousands of pounds in charges as the penalty is from 2% to 5% of the outstanding mortgage balance. If you have a mortgage of say 250,000, the penalty would be from 5,000 to as much as 10,000. Therefore to remortgage within a tie in period would be crazy and a low rate secured loan would be the better option.

For example if a great bargain of a private sale of your dream car crops up or something similar meaning that you need the funds speedily the secured loan is the better option as it takes half the time of a remortgage to obtain. Remortgage can take up to six weeks, and a secured loan can be arranged in half this time..

If neither speed does not apply, a remortgage could well be preferable as the interest rates for a remortgage are normally lower. At this moment in time if the homeowner has at least a 40% deposit interest rates of under 2% are currently available.

Secured loans, although certainly more expensive than remortgages mean that remortgages are often more popular.

By now it must be apparent that there are pros and cons with both remortgages and secured loans, and personal circumstances are always relevant as to which is better.

secured loan

Mortgage Finance

Tell The Correct Facts When Applying For A Remortgage, Mortgage Or Secured Loan.

It is fairly common when some one decides to apply for a loan , including mortgages, remortgages and secured loans that it will help their case if they tell lies and exaggerate , and they truly believe that they will be approved more readily for the finance..

If some one wants fast approval, honesty is the best policy,, as any other way will cause hold ups.

When a person wants a mortgage to buy property , the first move is to complete an application form in which he must fill in salary details, what they pay out monthly on loans, credit cards, etc..

The would be mortgage borrower must also fill in everything about how much he spends each week on groceries, heating, electricity, etc.

When applying for a remortgage the very same questions are asked , as it must be remembered that a remortgage is only changing a mortgage from one lender to a new one.. This is usually taken out at the end of a mortgage deal in order to achieve a better deal with another mortgage deal. On occasions additional funds are requested that can be used for many different reasons..

Also the application form that must be completed for the other home loan of secured loans contains identical questions as that for remortgages or mortgages.

When an applicant lies about how much he earns to make the application appear better , the correct figure will be discovered as soon as the finance lender has the original wage slips .

The loan lender will also ask the applicant to show bank statements that cover the last three months, and if the applicant has told lies about his monthly bills, this again will show when the statements are carefully checked out by the underwriter.

In addition to lying about their salary, some prospective borrowers state lies concerning how much they spend on credit cards and loans monthly, and the lies will come out as soon as the bank statements, which must be provided with the application, are looked ar at by the home loan provider.

Learn more about homeowner loans Stop by Champion Finance’s site where you can find out all about the best deals on remortgages for you.

Home Loans

Why Not Make An Application Now For A Secured Loan, Remortgage Or Mortgage?.

There are many the length and breadth of the country considering a remortgage, secured loan, also known as homeowner loans, and a mortgage but they only considering it while at the same time not making any move to arrange it. .

Mortgages are the finance required for buying property, and almost every single individual needs a mortgage as individuals who can afford to buy a home out right out of their bank account are in the minority and particularly when you consider that the average cost of a property in this country is almost 170,000.

A mortgage is needed both by first time buyers wanting to get their foot on the first rung of the property ladder and also for people moving to another property , whether it is because their place of work has moved or because they have had an addition to the family.

At the moment there are fewer remortgages than there once was.

Remortgages, unlike mortgages, are only for those who already own their own property as a remortgage involves moving an existing mortgage from one mortgage provider to a new one..

Homeowners often take out a remortgage at the end of a fixed mortgage period to simply save money by obtaining a lower rate of interest and with remortgage rates at an all time low this is a good ta time as any to obtain a quotation for a good fixed rate remortgage deal.

However a remortgage can be taken out to raise extra funds for a number of different reasons just as secured loans can be. A secured loan is a second charge on a property and it is recorded at the Land Registry behind the first mortgage and this is why these homeowner loans are also sometimes referred to as second mortgages.

A remortgages or a secured loan can be used to buy a car, to carry out home improvements. etc. etc. and also make excellent debt consolidation loans.

The three home loans of mortgages, remortgages nd secured loans have fallen because for some strange reason many people think that they are no longer available which is far from true as there are plenty of funds available,.

There are plenty of secured loans , mortgages and remortgages and all interested parties should apply now and delay no longer.

Learn more about homeowner loans. Stop by Champion Finance’s site where you can find out all about the best rates of remortgages for you.

Home Loans

Get A Remortgage Quote When Your Mortgage Deal Ends.

Remortgage are home loans that many homeowners are not sure about and they do not really know what benefit there would be in a remortgage.

To commence with the basics as to what the word , mortgage. means. Mortgage are the loans necessary to buy a house, and a mortgage is some thing almost everyone needs unless they have loads of money in the bank and this applies to a first time house buyer in addition to home movers.

A home purchaser can only manage without a mortgage if he has fairly substantial amount of money at his disposal and with the cost of an average property in the UK being approximately 170,000 there are not many with that sort of funds.

Mortgages are set at their original rate for a certain time that can be from a year to on average five years although longer tie in periods are in the market.

While the tie in period is in place there is a settlement penalty to be made if the mortgage is payed back before the right time..

The settlement penalty is usually a minimum of 2% of the outstanding balance and can as high as 5%, making it unwise to change mortgage providers at this time as it would be very expensive to do so.

After this tie in period there is no penalty and it is then that homeowners then choose to obtain quotes for mortgages from new mortgage lenders to ascertain if there are lower interest rates

It is at this time that the word remortgage comes in as a remortgage is when a homeowner moves to a new mortgage provider.

Moving from one provider to another is what is called a remortgage.

A remortgage is not only the moving of mortgage lenders but also they are often the means to achieving a cheaper mortgage payment.

Learn more about remortgages. Stop by Champion Finance’s site where you can find out all about the best remortgage for you.

Home Loans

The Attractions Of Secured Loans And Remortgages

Every time that a homeowner reaches a point that he needs some extra money and a fair amount of money at that he must decide the best route to take to obtain the money whatever it is needed for whether it is to buy a motor home, carry out improvements to the property, etc.

There are two best means for homeowners to borrow no matter what he needs the money for.

Sometimes these two main means of a homeowner raising money can be used even when no additional funds are needed and this is when these rwo great finance products are being used as debt consolidation loans.

The two means of raising funds are remortgages and secured loans which are both homeowner loans secured on the equity of property.

The first thing that is so appealing about secured loans and remortgages is their low rates of interest with remortgages at from less than 2% and secured loans from about 9%

A second attractive reason for choosing a secured loan or a remortgage is due to the fact that they can be used to do or to buy almost anything from a holiday to funding home improvements or even for buying a second or a holiday home.

An additional part of their appeal is by dint of the fact that they can be paid back over as long a time as twenty five years meaning that most people can afford the repayments.

They are both available for both employed and self employed borrowers and the employed must provide three recent wage slips.

Those who are self employed now need accounts or an accountants reference when making an application for a remortgage

There is one secured loan lender now advancing self employed loans at 60% LTV on a self cert providing that the applicant has been in business for at least six months.

If a self employed person can provide at least an accountants certificate, homeowner loans at 75r% LTV maximum are available.

Want to find out more about consolidation loans, then visit Champion Finance’s site on how to choose the best debt advice for your needs.

Home Loans

Tips On Remortgages And Mortgages

Remortgages and mortgages are two types of home loans and only homeowners can make an application for these loan products.

Why this is so is due to the fact that a remortgage and mortgage both rely on the asset of a property.

What in fact a mortgages is, is the home loan needed to purchase property.

Before a person even starts to seek out a home that he likes, the very fist thing once he has decided that he wants to become a home owner he must first arrange a mortgage as it is crazy to put in an offer for a property without the mortgage being in place as he could be refused the mortgage and left in a difficult position to put it mildly if they have put in an offer to buy a property without the mortgage being in place to buy the property.

The very second an offer to purchase a property is presented in Scotland and the seller has accepted that offer, the sale has to proceed and it is impossible to withdraw the offer in Scotland although in England the would be purchaser does not legally have to proceed.

There is absolutely no difference in mortgages whether buying a first property or to homeowners who want to move home.

Another important issue when buying a property, apart from taking out a mortgage, is to make sure that money for the deposit is also in place.

Before the recession 100% mortgages were available which meant that there was no requirement for a deposit but now everything is totally different and deposits of as much as 25% and absolutely never less than 10% are needed..Only a few mortgage lenders grant 90% mortgages and or a 90% remortgage.

Remortgages means homeowners taking out a mortgage with a different mortgage provider without moving from their current property.

It is a very popular thing for homeowners to take out a remortgage for the same amount as his current mortgage and this is what is known as a like for like remortgage as it is for the exact same balance as the original mortgage.

This may sound atrange but it is in fact a sensible thing to do as mortgage interest rates can vary enormously between providers and changing mortgage products can be very cost effective and save thousands of pounds over the course of the deal.

Remortgages can also be taken out to release extra money that can be used for lots of reasons, making remortgages a low cost means of funding most purchases as remortgage rates start now at as low as 1.84%

Looking to find the best deal on remortgages, then visit www.championfinance.com to find the best rate mortgage for you.

Mortgage Finance

Some Advantages Of Secured Loans.

The majority of people are aware of secured loans and they are very aware that these loans are useful and that they can be used for many purposes, but although they know that they are good ways of borrowing, they do not have any detailed information about them, and they want to find out.

The first thing about secured loans is that they are only available to homeowners and those who rent their property cannot apply.This fact is made clear by their very name

The asset required as security is the equity that there is in a property, and there are now no secured loans at 100% or 125% loan to value. These loan to values disappeared with the recession.

Loan to values have become very much stricter and the maximum LTV for the self employed is 75% and for employed applicants it is 10% higher.

One secured loan lender is at present offering secured loans as self employed loans with no accounts needed at a tight LTV of 60%, and another requirement is that three months bank statements must be provided.

The best interest rate for secured loans is currently about 9% which being much cheaper than that of credit cards makes them useful for debt consolidation lumping all debt into the one payment and saving money every month.

The repayment period is from five years to twenty five years, allowing people able to buy things with secured loans that they could not afford by any other means.

Secured loans can be paid back early, and the penalty for early settlement is usually only one months interest.

A remortgage can also be used for the same reasons as secured loans.

A time that a secured loan would be very much a more sensible choice than a remortgage is if the homeowner is in a tie in period with his existing mortgage provider and would have a penalty imposed.

The bottom line is that both remortgages and secured loans are excellent ways to borrow and although thir are advantages and disadvantages regarding the two products at the end of the day it is very much a matter of what suits the individual borrower at that point in time.

Looking to find the best deal on homeowner loans, then visit www.championfinance.com to find the best deals on a remortgage for you.

categories: secured loans,homeowner loans,refinancing,debt consolidation,mortgage,remortgage,finance

Home Loans

A Remortgage Or A Secured Loan Arrange The Best Debt Consolidation Loans

Off and on many people feel pressurised by being laden down by too much debt that is too much to manage, and this can make many people extremely stressed out..

It is far from difficult to get into debt as this is very much an I want world in which we live, and the simple little joys of life that our fore fathers enjoyed for free nothing do not appeal to us these days.

In days of yore, a family would gather round the piano and sing happy tunes on Saturday evenings but this does not happen any more and where the piano used to be there is now a state of the art huge television that cost thousands .Everyone stares all evening at the television until the simple act of conversation no longer exists.

Years ago holiday were mainly spent at sea side resorts in Great Britain, and people enjoyed the cartons of jellied eels in Brighton or the hamburgers in Blackpool. A visit to the little theatre on the pier to watch a puppet show was one of the simple pleasures , but children of today would no longer like these things Simply hiring a rowing boat or enjoying a ride on a little donkey on the beach would no more be thought on as entertainment any more, as children ride horses at the local riding school or can hire rowing boat at the local park any day of the week now.

When people started going abroad they were perfectly happy to go to Spain on a self catering break in a flat but more expensive and luxurious holidays are now the order of the day.

All of a sudden you understand that the pleasures in life cost too much, and you start to find it impossible to deal with all your debts.

For homeowner there is an easy answer to debt and this is debt consolidation which is the unification of all debts into the one payment which means arranging debt consolidation loans.

A remortgage has an interest rates from 1.84% and a secured loan starts at about 9% which is a fraction of the rates for credit cards, etc.

Want to find out more about debt consolidation loans then visit Champion Finance’s site on how to choose the best remortgage

Home Loans

A Conversation About Consolidation Loans, Homeowner Loans And Remortgages

Having decided to buy something expensive , the t next thought must be about the best way to pay for it.

People wishing to make a large purchase such as a car, a caravan, a new bathroom or such, almost all require to borrow if they are making an expensive purchase

There are numerous means of paying for things, and these ways include car loans, personal loans, secured loans, remortgages,etc.

There is a loan called as the unsecured personal loan which is not really advanced for one specific reason , but is given to the borrower personally.

Car loans are loans specifically for the purpose of buying a car and thay can be obtained from the garage offering the car. Interest rates for car loans can be high unless the car being bought is a new one that the car manufacturer is offering at 0% interest or with a one of special low interest rate for a certain period of time and normally just before a new model is introduced and as such they want rid of the old model.

If some one wants to do home improvements, a home improvement loan is usually required , especially for big jobs and can be got for from home improvement companies .

However the bad aspect of paying for home improvements by this means is that the loan usually has the interest rate of about 25%.

If some one wants to borrow for a special holiday abroad he can obtain a bank loan, but the interest rate is expensive and the repayment period is tight at normally only a year or sometimes it can be spread over two years.

There are two great ways of borrowing that takes the place pf all these other loans and these are secured loans, also known as homeowner loans and also remortgages.

Secured loans and remortgages need to be secured on a property, rendering only homeowners able to make an application for secured loans and remortgages

A remortgage and a secured loan have cheap interest rates with tracker remortgages available starting at 1.84%, and from 2.99% for fixed remortgages. Secured loans have rates from only about 9% APR making these loans cheap ways to acquire extra cash as and when needed..

In addition to all the purposes already mentioned , remortgages and homeowner loans can also be used as debt consolidation loans which save a lot by combining all high interest credit card debts, etc. into one considerably cheaper payment monthly.

Ot is obviously stupid for people who own their property to consider anything apart from remortgages and secured loans when they want extra cash..

Learn more about remortgages. Stop by Champion Finance’s site where you can find out all about the very best deals on a remortage for you.