Homeowners can apply for homeowner loans at competitive rates from our leading lenders. The amounts which can be borrowed can vary from small to large sums of money and can be used for anything from home improvements or renovations, a long deserved holiday or to pay off outstanding debts on store and credit cards and other loans.

By virtue of the fact that the loan is granted using their home as security or collateral, homeowner loans are generally secured loans. Secured loans usually enjoy lower interest rates because the loan company is taking on a lower perceived risk. The borrower however is taking more of a risk than with an unsecured loan where their home is not used as security. The result of this risk is that should you fall into difficulties and do not manage to pay back the loan, your home will be at risk of repossession. It is very important that you make sure that you can easily afford the repayments on a loan before signing on the dotted line.

Homeowner loans are usually easier to get approval on than unsecured loans because you are in effect betting your home that you will pay back the money to the lender. These loans could take a little longer to process but the time it takes is well worth the money saved on interest.

The money loaned is paid back monthly over an agreed term with interest and this is called the Annual Percentage Rate or APR. The amount you can borrow, the APR you are offered and the length of time or term you are given to pay back the loan all depends on your personal circumstances and the lending company