Thursday 20 December 2018

Homeowner Loans: An Upgrade to Financial Utilities

Due to unaffordable rents, welfare cuts and a shortage of affordable housing opportunities, the number of homeless people in temporary shelters has risen by approximately 60% since the previous decade.

We come across these poor and homeless a lot of times and that’s when we realize, how privileged and lucky we are to be living under a permanent roof. Not just this feeling of pride and self-sufficiency, but your home can provide more than you think.

homeowner loans for bad credit


It can be your backbone in financial miseries. When you need finances and seek resources, you never look upon your home, right beneath your eyes, your world of wisdom and happiness.
As you know, “a man travels the world over in search of what he needs and returns home to find it”- George. A. Moore

                Searching for finances in need is a terrifying task. You can ask for help but the near ones can only do so much to contribute, we all have our limitations. And to sink a ship to save another isn’t a wise bet to place. So what to do when a financial emergency knocks at your door? When there’s no way out and nothing seems to work out anyhow? Well, seek an unsecured homeowner loan in all such needs.

Defining homeowner loans…..

What is a homeowner loan? Where to find an appropriate one and what’s needed from your end to process it?

Today, I would describe all these facts about a homeowner loan.

What is a homeowner loan?

 A homeowner loan is a category of unsecured loans in the UK. As the name indicates, it is preferable and advisable for the homeowners of Britain, who are searching for an unsecured loan without the need for collateral or a guarantor. These loans prove helpful in the various arrays of financial needs. It can be obtained for anything that comes up and not specifically is to be used for a home, but is usually for the ones who own a home.

Where to find an appropriate homeowner loan?

Well, the question is wide enough to be calculatedly answered, as the options are enormous in number. Still, the right one for you is something on you to decide. However, I would suggest two ways of going about it.

One of it is to go onto the FCA official website, search for the list of regulated lenders and process the formalities yourself, easy? No, it isn’t, firstly you wouldn’t know who is the suitable one to borrow from. Searching through a list does not tell you or compare the different interest rates they would charge. Every time you wish to check this and if you’re not found eligible, a hard credit check would hamper your credit score and leave a bad footprint in your profile as well.

The second and the better one is to look for a regulated loan broker like BestShortTermLoans. It is an FCA regulated loan broker, who can facilitate these needs for you. To check your eligibility, it imposes a soft credit check on your profile. It does not damage your credit score and does not leave any footprint if not found eligible for the loan (however, a credit check is still imposed by the lender you choose and while finalizing the deal). Also, they provide a long list of lenders from whom you can obtain these loans on a “fixed” APR (annual percentage rate) component. So a utility like this proves utterly beneficial in such times. These people understand the situation’s needs and work up them responsibly. 

 What’s needed from your end to obtain a homeowner loan?

Well, most of the good things in life are free of cost, a homeowner loan won’t ask for much as well. For obtaining a homeowner loan, all that you need to have is a home. Your repayment ability is assessed upon your current financial affordability and your home helps in the assessment of your financial stature. Yes, you do not have to put it up as collateral and you don’t need a guarantor to vouch for you. All you need to do is fill up a form (if you’re obtaining it via online loan brokers like BestShortTermLoans) and the rest of the process is as easy as a pie.

To conclude this I would say, a homeowner loan is a utility, a utility that is not understood properly.  Even though I hope that I could clear things up a bit. Yet it is indeed an opportunity for the many of us who need funds in our day-to-day lives. For the ones who find it difficult and struggle to breach the barriers in the way.

No comments:

Post a Comment