Whenever homeowners need to borrow big sums of money for whatever purpose they must make up their mind about a few matters such as the best way to do so.. They must decide this no matter what they want the money for.
If you are a homeowner you have two great methods of raising this and you can use the money raised for almost anything you want.
This is a great way of raising funds even when no extra funds are needed and what we are referring to here is debt consolidation that consolidates all debts.
The methods of raising funds we are meaning are remortgages and secured loans which are both homeowner loans secured on the equity of property.
The first thing that is so good about secured loans and remortgages is their low rates of interest with remortgages at from less than 2% and secured loans from about 9%
The next good reason for choosing secured loans or remortgages is because they can be used to do or to buy almost anything from holidays to funding home improvements or even for buying a second or a holiday home.
The fact that remortgages and secured loans have long repayment periods of as long as twenty five years means that they are affordable to many..
Most homeowner can make an application for a secured loan or remortgage and those in employment need three recent wage slips with their application..
Self employed remortgage borrowers now need accounts when wanting a mortgages
However for the self employed there are secured loans available from one lender at a maximum LTV of 60%.
Self employed homeowners with accounts or an accountants letter can obtain secured loans at up to 75% LTV
Looking to find the best deal on debt consolidation, then visit www.championfinance.com to find the best advice on mortgages for you.
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