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.
The opportunity to spend money is everywhere. There is no... Read More
Trying to get a bad credit personal loan can be... Read More
Applying for a payday loan online is a quick and... Read More
According to federal government research, small businesses provide about 75%... Read More
So here's the situation: you are buying a car but... Read More
Motorcycle loans for military with bad credit aren't hard to... Read More
Are you thinking of going in for a payday loan... Read More
Working under the most prestigious service of the country ?... Read More
A title loan is a loan of money secured by... Read More
Are you wondering what is credit insurance? Very simply, credit... Read More
The internet is a great place to find the right... Read More
If you are in a hurry for a payday loan,... Read More
Daughter's marriage or her studies? Son's Ambition? Want a House... Read More
Every time you go for a loan, the bad credit... Read More
When looking for loans online, you might find yourself wondering... Read More
Here is a useful guide to getting a bad credit... Read More
A second mortgage is a loan that is secured by... Read More
Need funds to startup or expand your business? Follow these... Read More
Sometimes it might seem as though finding good loans UK... Read More
A secured personal loan is the generic term for a... Read More
Every year, misinformed homebuyers, often first-time purchasers or seniors, become... Read More
Have you been trying to find out what bad credit... Read More
It's possible to receive up to 500 dollars cash overnight... Read More
Somebody once said, 'Business is not financial science; it's about... Read More
Worried about how to apply for a business loan? Although... Read More
While most companies seeking venture capital initially think about angel... Read More
How many times have you been casually going about your... Read More
Trying to find a good homeowner loan UK can end... Read More
There are lots of ways to get additional capital to... Read More
You want to raise a business on your own or... Read More
We have all heard the stories about cash advance lenders... Read More
Refinancing your loan is one of the best kept secrets... Read More
Homeowner loans are useful ways to get the things that... Read More
Parent Loans or Student Loans ? what is going to... Read More
A cash advance loan is a short-term loan secured by... Read More
If you're just beginning to look at online loans, you... Read More
When borrowing money it is usually because we lack the... Read More
While looking for adverse credit homeowner loans it can seem... Read More
Poor credit doesn't have to stop you from getting a... Read More
If you're looking for an online loan, you might be... Read More
Bad credit payday loans may seem like an oxymoron phrase,... Read More
What is a Secured Loan?A secured loan is any loan... Read More
A quick cash loan also called payday loan, cash advance... Read More
Okay, so one day you wake up and realize that... Read More
The usual modus operandi in most automobile purchases is as... Read More
If you invest in real estate, you need cash to... Read More
These days having a reliable and safe vehicle to drive... Read More
You just finished high school and realize you have two... Read More
The secured loan is favoured by many UK residents seeking... Read More
A second mortgage is a loan that is secured by... Read More
Did you know that if you have a home that... Read More
Should you find yourself overcome by debt, you might want... Read More
Bad credit is like an ongoing battle for many loan... Read More
With a stated objective to help consumers, Congress deemed it... Read More
Payday loans offer a fast and easy solution to financial... Read More
So, you want to get a loan?Here are some simple... Read More
Instant payday loans are financial loans that are available for... Read More
Your car loan is now less than an hour away... Read More
A Home loan is the generic term for a loan.... Read More
To find the quickest payday loans, you need to look... Read More
Albert Einstein called compound interest "the greatest invention of all... Read More
Studying at college can be an expensive business and you... Read More
If you find yourself in a situation where you need... Read More
Emergency - the word is written everywhere in red and... Read More
Free Auto Loan TipsThe following tips should help increase your... Read More
"All work and no play makes jack a dull boy".The... Read More
Loan |