Secured Loan for Home Owner - Finding the Best Rate
The annual percentage rate or APR available for a home owner secured loan can vary greatly. The APR that will be offered is determined by the amount of the loan, the persons credit history and the amount of equity in the home. With all these factors being equal, it is still common to find a 1% to 5% difference in the UK secured homeowner loan rates being offered.
How 2% can Save You Thousands
A small difference in APR can make a huge difference in the amount of money you keep in your pocket. As an example, if you received an APR of 7.5% instead of 9.5% on a £25,000 loan with a 15 year term, you would save a total of £5,274! The costliest mistake that can be made is not taking the time to do some research to find the best rate available.
Finding the Best Secured Loan for a Home Owner
The fastest and easiest way to find the lowest APR homeowner loan is to use the services of a loan comparison site. By using a good comparison site it is possible to avoid making common costly mistakes like unknowingly damaging your credit file or not finding the lowest APR. The best online comparison sites offer the advantage of no obligation, no search fee and no initial credit check. By instantly comparing your specific loan requirements with hundreds of lending options, you will know with confidence that the best UK home owner secured loan has been found.
The annual percentage rate or APR available for a home owner secured loan can vary greatly. The APR that will be offered is determined by the amount of the loan, the persons credit history and the amount of equity in the home. With all these factors being equal, it is still common to find a 1% to 5% difference in the UK secured homeowner loan rates being offered.
How 2% can Save You Thousands
A small difference in APR can make a huge difference in the amount of money you keep in your pocket. As an example, if you received an APR of 7.5% instead of 9.5% on a £25,000 loan with a 15 year term, you would save a total of £5,274! The costliest mistake that can be made is not taking the time to do some research to find the best rate available.
Finding the Best Secured Loan for a Home Owner
The fastest and easiest way to find the lowest APR homeowner loan is to use the services of a loan comparison site. By using a good comparison site it is possible to avoid making common costly mistakes like unknowingly damaging your credit file or not finding the lowest APR. The best online comparison sites offer the advantage of no obligation, no search fee and no initial credit check. By instantly comparing your specific loan requirements with hundreds of lending options, you will know with confidence that the best UK home owner secured loan has been found.
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