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Disadvantages of a home improvement loan
Disadvantages of a home improvement loan
The best loan rates are generally for borrowers looking to make repayments over three and five years, so you will often pay a higher interest rate to borrow over a shorter term.
The interest charges on larger or smaller amounts can prove a lot more expensive too, while your credit score has a significant impact both on the interest rate you will pay on a loan, and the amount you will be able to borrow.
As rejected credit applications have a detrimental...
Related topics : home improvement loan rates / credit score loan rate
Secured loans guide
Secured loans guide
Secured loans, also known as homeowner loans, offer a way to borrow larger
amounts for less by using your home as equity. So if you are looking to borrow
say £25,000, secured loans are definitely worth a look – especially as most of
the top personal loan deals are only available on up to £15,000.
Loans of this kind are also a good option for anyone whose low credit score
makes it hard for them to get a low-rate personal loan. There are risks
involved in...
Related topics : secured loan credit / low credit score loans / homeowner loan rates
Home improvement loans
Home improvement loans
Home improvements can be a great way to make a property a better place for you and your family to live, while increasing its value at the same time.
However, even though making improvements to your current house or flat often works out a lot cheaper than trading up to a larger home, many projects still equire a significant financial outlay.
Whether you want a new kitchen, need to repair your roof or are planning an extension that will transform your home, you may...
Related topics : home improvement loan rates
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