Author: John Mussi
Article source: http://www.directonlineloans.co.uk/. Used with author's permission.
A Home loan is the generic term for a loan. A home loan uses your home as security. It uses the net value of your property as security for the loan.
As a result of house price inflation and part repayment of mortgages many homeowners have a property which is worth far more than the mortgage they owe on it. A home loan enables you to make use of this asset by providing security for your loan, whether you own a house, flat, bungalow or cottage.
It is suitable if you want to raise a large amount; are having problems getting an unsecured loan; or have a poor credit history. Lenders are more flexible with their underwriting, making a secured home loan possible when you may have been turned down for an unsecured loan.
Since home loans can be secured on property, most lenders will approve your loan even if you have a bad credit history, which make home loans very attractive to people who would otherwise not qualify for a loan from their local bank.
A home loan is great if you want to raise a large amount; are having problems getting an unsecured loan; or have a poor credit history - you may be able to get a home loan even when you have been turned down for an unsecured loan.
With home loans you can borrow from £5,000 to £75,000. Loans secured on property can be repaid over a period of between 5 years and 25 years.
Being a homeowner affords you better status in the eyes of lenders. You can even qualify for a home loan when other money lenders have refused, for example because of County Court Judgements, Arrears, Defaults, Self-employed Status.
All home loans are secured on your property. This enables loan secured to be cheap and flexible to suit your needs - as all ideal loans should be! Unlock the value tied up in your property with a home loan.
A home loan can be used for any purpose such as; home improvements like a new kitchen or bathroom, luxury holiday, a dream car or repaying credit card or other debts to reduce your monthly outgoings to a more manageable amount.
Home loan rates are variable, depending on status. Monthly repayments will depend on the amount borrowed and term.
You may freely reprint this article provided the author's biography remains intact:
About The AuthorJohn 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.
Friday, May 25, 2007
What is a Bad Credit Loan?
Author: John Mussi
Article source: http://www.directonlineloans.co.uk/. Used with author's permission.
A Bad Credit loan is a personal loan for people with bad credit rating because a bad credit rating or credit history can make your life a misery. However created, your past record of County Court Judgements, mortgage or other loan arrears can live on to deny you access to finance that other people regard as normal.
Bad credit is where a borrower has a credit record which discloses a default on the repayment of a debt or loan facility. Sometimes the existence of a county court judgement does not mean that the borrower is a bad payer as the bill or debt in question may be subject to a genuine dispute. However if the record shows a number of County Court Judgements this a warning sign to any financial institution of a possible bad credit.
If you have a bad credit rating or adverse credit rating you may find it difficult to obtain a standard personal loan. These types of loans are also known as poor credit loans.
A Bad Credit loan is a personal loan for people with bad credit which is secured on your home. It frees up the spare capital (or equity) in your home for you to use on whatever you want.
A Bad Credit loan is ideal if you want to raise a large amount and have a poor credit history - you may be able to get a Bad Credit loan even when you have been turned down for an unsecured loan.
If you are a home owner with equity in your property, a Bad Credit loan can bring that normality back to your life.
With a Bad Credit loan you can borrow from £5,000 to £75,000 and up to 125% of your property value in some cases. Bad Credit loans secured on property can be repaid over a period of between 5 years and 25 years .
A Bad Credit loan can be used for any purpose such as; home improvements like a new kitchen or bathroom, that once-in-a-lifetime holiday, a dream car or repaying debts to reduce your monthly outgoings to a more manageable amount.
Bad Credit loans rates are variable, depending on status. Generally speaking if a loan is to be given to a bad credit the interest rate will be higher and an up front fee may also be charged. Monthly repayments will depend on the amount borrowed term.
Some lenders specialise in adverse credit because they can charge high fees and a higher interest rate than normal and if the borrower is now in a good financial position the risk rating of the loan may be as good as someone who has no record of defaults.
However most banks and financial institutions will turn down a loan application if there is a history of bad payment or insist that it is secured on a property.
You may freely reprint this article provided the author's biography remains intact:
About The AuthorJohn 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.
Article source: http://www.directonlineloans.co.uk/. Used with author's permission.
A Bad Credit loan is a personal loan for people with bad credit rating because a bad credit rating or credit history can make your life a misery. However created, your past record of County Court Judgements, mortgage or other loan arrears can live on to deny you access to finance that other people regard as normal.
Bad credit is where a borrower has a credit record which discloses a default on the repayment of a debt or loan facility. Sometimes the existence of a county court judgement does not mean that the borrower is a bad payer as the bill or debt in question may be subject to a genuine dispute. However if the record shows a number of County Court Judgements this a warning sign to any financial institution of a possible bad credit.
If you have a bad credit rating or adverse credit rating you may find it difficult to obtain a standard personal loan. These types of loans are also known as poor credit loans.
A Bad Credit loan is a personal loan for people with bad credit which is secured on your home. It frees up the spare capital (or equity) in your home for you to use on whatever you want.
A Bad Credit loan is ideal if you want to raise a large amount and have a poor credit history - you may be able to get a Bad Credit loan even when you have been turned down for an unsecured loan.
If you are a home owner with equity in your property, a Bad Credit loan can bring that normality back to your life.
With a Bad Credit loan you can borrow from £5,000 to £75,000 and up to 125% of your property value in some cases. Bad Credit loans secured on property can be repaid over a period of between 5 years and 25 years .
A Bad Credit loan can be used for any purpose such as; home improvements like a new kitchen or bathroom, that once-in-a-lifetime holiday, a dream car or repaying debts to reduce your monthly outgoings to a more manageable amount.
Bad Credit loans rates are variable, depending on status. Generally speaking if a loan is to be given to a bad credit the interest rate will be higher and an up front fee may also be charged. Monthly repayments will depend on the amount borrowed term.
Some lenders specialise in adverse credit because they can charge high fees and a higher interest rate than normal and if the borrower is now in a good financial position the risk rating of the loan may be as good as someone who has no record of defaults.
However most banks and financial institutions will turn down a loan application if there is a history of bad payment or insist that it is secured on a property.
You may freely reprint this article provided the author's biography remains intact:
About The AuthorJohn 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.
Alternative Venture Finance: Federal Grants and Loans
Author: Dani Martin
Article source: http://www.articlealley.com/. Used with author's permission.
While most companies seeking venture capital initially think about angel investors and venture capitalists, a large alternative source of financing is federal grants and loans. The two largest federal grant programs are run by the Small Business Administration (SBA), and by Small Business Investment Companies (SBICs).
An SBA loan, regardless of whether it is a direct loan from the SBA, or, as is more common, a bank loan guaranteed by the SBA, is essentially a bank loan. The benefit of it versus a traditional bank loan is the rate. SBA rates are typically much less than traditional business loan rates.
In most cases, in a guaranteed SBA bank loan, the SBA guarantees 90 percent of the loan will be repaid to the bank. As such, banks are at much less risk than in most other loans, and are a bit more flexible with regards to who they offer these loans. However, the SBA usually requires the founders of the company to personally guarantee the loans, which makes them risky should the venture collapse.
Alternatively, Small Business Investment Companies (SBICs) are privately organized corporations that are licensed and regulated by the SBA. Small or emerging businesses which qualify for assistance from the SBIC program can receive equity capital and/or long-term loans from these companies. Essentially, these companies provide their own capital, which is supplemented by federal funds, to the companies they fund.
Interestingly, U.S. taxpayers benefit from the SBIC program as tax revenues generated from successful SBIC investments have more than covered the cost of the program. Likewise the program has created hundreds of thousands of jobs.
In summary, SBA and SBIC financing are viable alternatives to financing from angel investors and venture capitalists and should be considered in the capital raising process. Similarly to angel and VC financing, companies seeking SBA and SBIC financing need a strong management team and value proposition, and a highly professional and compelling business plan in order to raise the capital they need.Growthink Business Plans have collectively raised over $750 million in financing, launched numerous new product and service lines and gained competitive advantage and market share. Growthink has become the firm of choice for venture capital firms, angel investors, corporations and entrepreneurs in the know. To download the Free 2005 Business Plan Guide, please visit http://www.growthink.com/businessplan
Article source: http://www.articlealley.com/. Used with author's permission.
While most companies seeking venture capital initially think about angel investors and venture capitalists, a large alternative source of financing is federal grants and loans. The two largest federal grant programs are run by the Small Business Administration (SBA), and by Small Business Investment Companies (SBICs).
An SBA loan, regardless of whether it is a direct loan from the SBA, or, as is more common, a bank loan guaranteed by the SBA, is essentially a bank loan. The benefit of it versus a traditional bank loan is the rate. SBA rates are typically much less than traditional business loan rates.
In most cases, in a guaranteed SBA bank loan, the SBA guarantees 90 percent of the loan will be repaid to the bank. As such, banks are at much less risk than in most other loans, and are a bit more flexible with regards to who they offer these loans. However, the SBA usually requires the founders of the company to personally guarantee the loans, which makes them risky should the venture collapse.
Alternatively, Small Business Investment Companies (SBICs) are privately organized corporations that are licensed and regulated by the SBA. Small or emerging businesses which qualify for assistance from the SBIC program can receive equity capital and/or long-term loans from these companies. Essentially, these companies provide their own capital, which is supplemented by federal funds, to the companies they fund.
Interestingly, U.S. taxpayers benefit from the SBIC program as tax revenues generated from successful SBIC investments have more than covered the cost of the program. Likewise the program has created hundreds of thousands of jobs.
In summary, SBA and SBIC financing are viable alternatives to financing from angel investors and venture capitalists and should be considered in the capital raising process. Similarly to angel and VC financing, companies seeking SBA and SBIC financing need a strong management team and value proposition, and a highly professional and compelling business plan in order to raise the capital they need.Growthink Business Plans have collectively raised over $750 million in financing, launched numerous new product and service lines and gained competitive advantage and market share. Growthink has become the firm of choice for venture capital firms, angel investors, corporations and entrepreneurs in the know. To download the Free 2005 Business Plan Guide, please visit http://www.growthink.com/businessplan
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