Get the Best Home Owner Loans with a Lowest Rate Guarantee!

Adam Brand Adam Brand | Operations Director

You have undoubtedly heard financial experts say your home is the most valuable asset you will ever purchase. They say this based on the idea of property being an investment that will eventually sell for more than the original purchase price. Yet we know of a way that you can make your investment even more profitable: take advantage of low-cost homeowner loans secured by your property.

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What is a low-cost homeowner loan? It is a loan secured by using your property as collateral. Your home acts as security for the lender, encouraging them to loan you substantial amounts of money based on existing equity. Moreover, with the chances of default fairly low, banks are willing to give good interest rates and favourable terms. We hope that you can see where we're going with this.

Your home does very little for you other than providing a roof over your head and a comfortable place to entertain your friends. Nevertheless, from a financial standpoint, it takes money out of your salary to pay for the mortgage, insurance and maintenance and repairs. A secured homeowner loan changes that. It lets you put the value of your home to work in financing other things.

Home owner loans can be used toward:

  • property upgrades/renovations
  • starting a new business
  • purchasing a new car
  • covering education expenses
  • paying for elective healthcare.

You can use the money provided by a secured loan for just about any purpose. It is that flexibility, combined with great interest rates and liberal payment terms that allows you to transform a financially draining property into an asset that contributes to your financial health.

Low-Cost Loans

Maximising the financial potential of your property starts with finding low-cost loan offers. Making sure you get a low-cost loan is important for two reasons. First, you certainly do not want to end up with a loan you cannot afford to repay in the future. The less you have to pay in the total cost of borrowing, the lower the chances you get into financial trouble later.

The second reason for searching out low-cost home owner loans is that they maximise your borrowing potential. The fewer associated costs there are, the more you will be able to borrow to cover your expenses. You will be paying less money to the bank and more toward accomplishing your financial goals.

So, what are low-cost loans? They are loans involving minimal upfront charges and fees combined with low interest rates. They are called 'low-cost' because the total cost of borrowing over the life of the loan is minimal. By contrast, a high cost secured loan would have excessive fees and charges combined with a higher interest rate.

Finding Low-Cost Loans

Finding low-cost secured home owner loans is no different from finding great rates on your car insurance. It is a matter of comparing multiple lenders to see who offers what. The best way to do that is to use our whole of market comparison tables that lets you see multiple lenders side-by-side. Secured Loan Expert recommends you use this approach in putting together a short list of possible lenders.

As you are comparing, pay attention to the representative APR. This number represents the standard APR plus all of the known upfront costs of borrowing. However, a bank need only approve 51% of its applications at this rate in order to advertise it. This means 49% of the applicants could pay more. You need to keep that in mind.

Also, pay attention to loan terms. Some lenders allow you up to 30 years to repay your secured loan, though that might not necessarily be a good idea. You will pay more interest with a longer-term and vice versa.

Home owner loans let you put the power of your property to work for flexible term funding purposes. You might want to look into it further if you need cash to cover any expenses your normal budget will not allow for.

If you would like to find out more on home owner loans or want to determine what the best deal is to suit your needs just give of friendly team of experts a call. They specialise in finding the right secured loan for anyone by matching your criteria and requirements with that of the lenders to find the most suitable products with the lowest costs.

We deal with lenders every day and know exactly what each individual lender likes to see when making the decision to lend and the rates to charge for the loan. Our team will ensure that your application is sent to the lender in a state that maximises the chances of approval at the minimum possible rate.

There is no charge for our help and advice. Our experts will also ensure that you are advised of the full charges and costs of any deal before you choose to go ahead so there’s no surprises later in the process. 

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