| |
| |
|
Loans Information |
|
What are Home Improvement Loans?
Home improvement loans are loans specifically designed by loans companies to help you fund an essential home improvement projects. Home improvement loans provided by loans companies are secured on the value of the borrower's property. The amount available to the borrower is subject to the 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 the lender on the basis that you use the amount of the loan to make improvements to your home that will increase the market value. Typically a home improvement loan is offered by your existing mortgage lender, where the equity value in the house acts as security for the lender. Where this is the case, the amount you can borrow may be determined by the amount your improvements will add to the market value of your home. Home improvement loans can be arranged at the same time as you are buying the property. This is as long as the total amount of mortgage and home improvement loan will not exceed the value of the property. The reason why you would want to get this loan from your mortgage lender is that you may be able to obtain the same interest rate on the loans that you are paying on your mortgage, which cannot be beaten with a personal loan. Home improvement loans are in some ways an extension of your mortgage, in that the first port of call for someone wanting to carry out major home improvement work on their home would be their mortgage lender. It is, however, a separate loan, which can be paid back over a different period. The mortgage lender will not discourage this home loan, as it is in their interests for improvement work to be carried out on the home they are lending on, considering that they effectively own it until the mortgage is repaid. Loans secured for home improvement are flexible in duration. The loans are independent of mortgage loans and are typically available with loans repayment terms of between two years and twenty five years. With home improvement loans homeowners can borrow anything from £5,000 to £75,000 for a larger home improvement project. There are countless home improvement projects that can be undertaken using improvement loans. New interior decoration can be funded by loans for home improvement, as can the purchase and installation of a fitted kitchen, bathroom or conservatory. If you want better storage in your home then loans secured for home improvement can be used to purchase fitted bedroom furniture or to develop unused spaces in your home. Loans for home improvement can be used for garden improvement too, such as landscaping the garden. Larger loans for home improvement can be used to design and build an extension to your home. You may freely reprint this article provided the author's biography remains intact: About The Author 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.
MORE RESOURCES: Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting |
|
|
|
RELATED ARTICLES
Short Term Payday Loans - Use One Online To Get Cash Quick Short term payday loans are now available online. After filling out your application online, you can have an emergency loan deposited into your checking account the next day. Fast Cash Now Easier Than Ever, but at a Price? Because of the Internet, quick payday loans are faster than ever before. Quick payday loans will really get you out of a fix, because quick payday loans arrive the next day, right at your doorstep, in amounts ranging from five hundred dollars to three thousand dollars. Let Us Uncover The Mystery Of Secured Loans Okay, so one day you wake up and realize that you are far away from understanding your finances, let alone managing them. Finances are a gamble where you ought to win. How to Find a Loan or Mortgage with Bad Credit If you have bad credit and you are trying to get a personal loan or mortgage, it may seem like a difficult situation. However, there is hope. Auto Loans: Top 5 Tips For The Best Rate You've got your eye on that shiny new Lexus - okay, maybe it's a Kia, but it's perfect and you want it to be yours, all yours - as soon as possible. At the same time, you certainly don't want to be saddled with paying nearly double the car's value by the time you finish paying off the car loan. Applying For a Student Loan Studying at college can be an expensive business and you are likely to be considering taking out a Student Loan to help you meet all our costs. Before you make a decision on which of the thousands of Student Loans that are available is right for you it is important to weigh up all your options. A Guide to Finding Inexpensive Direct Loans For those individuals who are looking for fast and inexpensive direct loans, it may seem as though there is too much information and too many possible loan options for them to make an informed decision about the direct loans that they want.Of course, there are a variety of resources available to help people understand direct loans? the tricky part is finding the best loans to fit your needs and paying as little for them as possible. Are You In The Market For a Car Loan? Car loans are a tempting way to purchase a new car. While they provide for easy access to a car, these loans can get quite expensive if you do not know enough about what you are getting into. How to Find Bad Credit Loans UK Bad credit loans UK can sometimes prove quite difficult to find, especially for those individuals who need the loan money quickly so as to cover various expenses or to repay debts.Should you be one of the many individuals who are in the market for quick and low cost bad credit loans UK , you might think that the search for the loan that you want is hopeless. What is a Loan? A loan is money that you borrow and agree to pay back over a set period of time with interest. The amount of money you borrow is called principal, and interest is the cost for borrowing the money. Loans For Unemployed - Employing Home For A Solution To Unemployment If the statistics for the quarter ended April 2005 are to be believed, about 1,96,000 people were added to the list of people unemployed that brought the total to 28.58 million. Secured Holiday Loans- Your Chance To Unwind Your Senses "All work and no play makes jack a dull boy".The phrase sounds more as a cliché, having been used innumerable times right from the time it was coined, but has a vital message enclosed within itself. When is a Commercial Lender not a Commercial Lender? A Commercial Lender is Not a Commercial Lender When it is a BankA commercial lender offers loans backed by hard collateral, usually real estate. Usually a commercial lender's lending criteria will be less stringent than at the local bank. What is a Bridging Loan? A bridging loan as the name implies is a loan used to "bridge" the financial gap between monies required for your new property completion prior to your existing property having been sold.A bridging loan is in simple terms a short-term mortgage that is secured against the property that you are selling, with the money that is lent being used to complete the purchase of the new property. Guide to Unsecured Loans Outlined below is a guide to unsecured loans. It will give you a better understanding of what an unsecured loan is as well as what to consider before applying for one. No Hotel Loan for You! Meeting the requirements to get a decent hotel loan from your local lender can be difficult but not impossible. Let's face it, what lender wants to put money up for a roach infested dump in downtown Detroit? You'd have to get a separate loan just for the insurance. A Beginners Guide to Bad Credit Secured Loans Here is a useful beginner's guide to bad credit secured loans. If your credit is less than perfect but you find yourself needing money now, you might want to look into bad credit secured loans. No Income Verification Loans - When Income Doesnt Show on Paychecks Financial statements, salaries, income proof, documents, paycheck, W-2 forms, 1099's - there is an exhaustive list of some of the forms that you may require to provide for a loan. Income documentation is not always easy for someone who is self employed or retired or for any person who doesn't have a fixed source of income. Guide to Business Loans Here is a useful guide to business loans. Business loans are loans specifically tailored for enterprising business people who are just starting their own companies or existing companies needing additional funding for expansion or restructuring. Payday Loans Available Even ToThose With Bad Credit Bad credit payday loans may seem like an oxymoron phrase, but the truth is bad credit payday loans are fairly common. You don't need to have good credit or even any credit to quality for bad credit payday loans.
|
| home | site map | contact us |