There are sometimes occasions when homeowners make up their minds to make a large purchase, do improvements to their property and so on and that is when they are faced with the decision as to best raise the money required.
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%
Another aspect that is very handy is that they have so many uses from paying school fees. going on holiday, buying a motor home, etc.. Actually anything that you could possibly want can be paid for by these ways of borrowing..
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..
Employed and also the self employed can apply for secured loans or remortgages and the employed have to provide three recent wage slips.
Self employed remortgage applicants must now provide accounts which is different from in the past.
However there are self employed loans available from one lender at 60% LTV on a self cert of income as long as they have been six months self employed.
For self employed wth an accountants certificate secured loans are available at up to 75% LTV. However even the 60% plan will be most helpful for the self employed who have been working for themselves for six months as they cannot get remortgages.
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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