Guide to Home Improvement Loans

Here is a useful guide to Home Improvement Loans. What is a Home Improvement Loan? Basically, a Home Improvement Loan is a loan to be used for home improvement purposes.

Home Improvement Loans are secured on your property and can be used by anybody looking to make home improvements. A home improvement loan is particularly good if you don't want to use your savings or do not have sufficient saved for your home improvement project.

The amount you will be allowed to borrow will really depend on the lender you use and the amount of equity in your property. You will also be assessed on criteria such as your income, your spending and your credit rating in certain cases.

Some lenders will also limit amounts depending on what you want to use your home improvement loan for. You can raise home improvement finance to cover anything from a small project to major building work.

With a Home Improvement Loan you can borrow from £5,000 to £75,000 with low monthly repayments. The loan can be repaid over any term between 5 and 25 years, depending on your available income and the amount of equity in the property that is to provide the security for the loan.

With a Home Improvement Loan, you can afford the extension, new kitchen or bathroom, conservatory, landscaped garden, redecoration you want right where you are, in your own home. You can add value to your property and save on all those moving costs too.

If you take out a specialist home improvement loan deal then you may find that your money is paid in instalments before pre-agreed work is completed. This allows you to manage your budget much more effectively and access your cash simply when you need it.

So, if you spend less than you budgeted for, then you could save yourself some money by not borrowing more than you needed to.

If you go over budget, then you'll still have ready access to the money you need. You can also tie your home improvement loan into your existing mortgage package - so you will benefit from lower interest rates and may be able to release equity to help fund your project.

Most consumers will secure their home improvement loan against their property to access better rates - there is always the risk here that you could lose your home if you don't make all your regular repayments. Although you can take out payment protection insurance to help prevent this, it will cost you more to do so.

You may freely reprint this article provided the 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 http://www.directonlineloans.co.uk website.

In The News:


pen paper and inkwell


cat break through


A Little Lesson on Loans

The opportunity to spend money is everywhere. There is no... Read More

A Look at Getting a Bad Credit Personal Loan

Trying to get a bad credit personal loan can be... Read More

Applying for a Payday or Cash Advance Loan Online

Applying for a payday loan online is a quick and... Read More

SBA Loan: Qualifying and Applying

According to federal government research, small businesses provide about 75%... Read More

Getting That Car Loan: Simple Interest Is The Best

So here's the situation: you are buying a car but... Read More

Motorcycle Loans For Military With Bad Credit

Motorcycle loans for military with bad credit aren't hard to... Read More

Five Things To Check Out When You Apply For a Payday Loan

Are you thinking of going in for a payday loan... Read More

Military Payday Loans! The Before Pay Check Financial Fiasco, is History Now

Working under the most prestigious service of the country ?... Read More

What is a Title Loan?

A title loan is a loan of money secured by... Read More

What is Credit Insurance?

Are you wondering what is credit insurance? Very simply, credit... Read More

Online Loans: The Easy Way to Apply

The internet is a great place to find the right... Read More

Faxless Payday & Cash Advance Loans - Fast Cash, No Faxing Loans, The Easiest Payday Loan Process

If you are in a hurry for a payday loan,... Read More

Personal Loan 101- What You Absolutely Need to Know

Daughter's marriage or her studies? Son's Ambition? Want a House... Read More

Demystify the Allegorical Misinterpretation of Bad Credit Personal Loans

Every time you go for a loan, the bad credit... Read More

Shopping for Loans Online

When looking for loans online, you might find yourself wondering... Read More

A Consumers Guide to Getting a Bad Credit Loan

Here is a useful guide to getting a bad credit... Read More

What Is A Second Mortgage?

A second mortgage is a loan that is secured by... Read More

How to Get a Business Loan in Five Steps

Need funds to startup or expand your business? Follow these... Read More

Getting the Best Loans UK with Bad Credit

Sometimes it might seem as though finding good loans UK... Read More

What is a Secured Personal Loan?

A secured personal loan is the generic term for a... Read More

Top 10 Ways to Avoid Loan Fraud

Every year, misinformed homebuyers, often first-time purchasers or seniors, become... Read More

A Guide to Bad Credit Finance Options

Have you been trying to find out what bad credit... Read More

Overnight Cash Can Be Yours

It's possible to receive up to 500 dollars cash overnight... Read More

Secured Business Loans ? Equipping Your Business Blueprint With Concrete Groundwork

Somebody once said, 'Business is not financial science; it's about... Read More

How To Apply For a Business Loan

Worried about how to apply for a business loan? Although... Read More

Alternative Venture Finance: Federal Grants and Loans

While most companies seeking venture capital initially think about angel... Read More

Risk It With A Bridging Loan?

How many times have you been casually going about your... Read More

Taking the Time to Find a Homeowner Loan UK

Trying to find a good homeowner loan UK can end... Read More

Finance Your Home Business: Six Ways Under Your Nose

There are lots of ways to get additional capital to... Read More

Bad Credit Business Loans ? to Exchange Bad Credit for Monetary Benefaction

You want to raise a business on your own or... Read More

Do Payday Loans Deserve a Bad Rap?

We have all heard the stories about cash advance lenders... Read More

Refinancing Your Auto Loan

Refinancing your loan is one of the best kept secrets... Read More

A Brief Look at Homeowner Loans

Homeowner loans are useful ways to get the things that... Read More