Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter


redhotloantips fat loss

How to Find a Direct Homeowner Loan

Written by: John Mussi

If you've been thinking about applying for a direct homeowner loan, you might want to take a little bit of time to make sure that you understand exactly how these loans work and to shop around for the best deal in a direct homeowner loan.

What is a direct homeowner loan?
So what is a direct homeowner loan? Basically, a direct homeowner loan is a loan that is made between a lender and a borrower directly (in other words, without a middle-man), using the equity in the borrower's home as collateral for the loan.

A direct homeowner loan can be used for a variety of purposes, from vehicle financing to debt consolidation, and can vary in amount from relatively small to much larger.

The equity that the borrower has is a major determination in the maximum amount of the loan.

What is equity?

Equity is a measure of how much of the borrower's home they actually "own", and is used as collateral to guarantee a direct homeowner loan.

The more of your mortgage you've paid off, the more equity you have. it's basically a percentage of the total value of the home, minus the outstanding mortgage or any loans that are on the house.

The more equity you have, the lower your potential interest rates would be on a direct homeowner loan and the larger amount you're eligible to borrow.

How should I shop for a loan?

Beginning with your local banks and finance companies, start requesting quotes for a direct homeowner loan.

You should get several loan quotes, and would also likely benefit from checking online lending companies for loan rates and quotes.

These online lenders often offer lower interest rates for loans, and can be easily accessed from the privacy of your home at any time of the day or night.

How can I get the best loan for my money?

To make sure that you get the best direct homeowner loan for your money, make sure to get several quotes from both physical and online lenders to compare before deciding on a single loan.

Look at the interest rates, loan repayment terms, and total repayment time before coming to a decision. many of the loan quotes will likely be reasonably close to each other, but a few will likely stand out as better offers.

Compare the best offers, taking into account the difficulty or ease of completing the application process and making payments on the loan.

You might also want to set up a direct draft from your bank account to pay for the loan. not only does this add convenience in having a single payment withdrawn automatically each month, but some lenders will offer you a reduced interest rate for this type of setup.

You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:

About the Author

John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the www.directonlineloans.co.uk website.

Other Related Articles:

Payday Loans - Legal Loan Sharking?
Each day, in cities across America, people go to payday loan companies, seeking a temporary escape from their financial problems. But that quick fix comes with a hefty pricetag attached--interest rates that can run 400 percent or more on...read more

The Easy Payday Loan - Why Payday Loans Are Easier To Get Than Credit Cards Or Personal Loans
Payday loans are easier to get than credit cards or personal loans since there is no credit check involved. And because payday loans are meant for a short period, usually 30 days or less, payday companies don't require an extensive...read more

Bad Credit Home Loans - Pre-Approval is Still Possible With Adverse Credit History
If you are among the millions with less than perfect credit, there are many sources available to you in obtaining a mortgage. Lenders that specialize in mortgages for those with bad credit are competing for your business. The lender will analyze...read more

Return to Home


Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map