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 the Best Home Improvement Loan

Written by: John Mussi

If you're looking for the best home improvement loan for your money it can sometimes seem like an uphill climb. You may not know whether the offer that you've received is the best that you can get, or if you should try to find a better offer elsewhere. but you shouldn't let finding the best home improvement loan stress you out so badly.

Getting the most out of your loan is easier than you might think; you just need to keep a few things in mind to help you to get the best home improvement loan.

Equity

When searching for the best home improvement loan, equity is a major factor. If you're not exactly sure what equity is, it's the portion of your home or real estate that you actually own. the percentage of the mortgage that's been paid off. If you've paid back 10% of your mortgage, then you'll have 10% equity; if you don't have a mortgage or you've already repaid it then you'll have 100% equity in your home.

The equity that you have is important in finding the best home improvement loan, since it's the value of your home that's acting as collateral for the loan.

The more equity you have, the better chance you have of getting low interest rates and a high loan amount.

Rates fluctuate

Obviously, interest rates play a key part in finding the best home improvement loan. Interest rates will fluctuate on a national level as a way to fight inflation, but they will also vary from bank to bank and finance company to finance company.

This is one of the main reasons that shopping around for a loan can be so important; getting multiple loan quotes for your home improvement or repair project can mean the difference between getting the best home improvement loan with a low interest rate and paying more because you took the first offer you received.

Look for special offers

Sometimes the easiest way to get the best home improvement loan is to simply watch for loan specials that some lenders offer.

It could be an anniversary or customer appreciation day, or perhaps a tactic to draw in new first-time customers; whatever the reason for the special rates, you should at least consider them.

Many specials such as this last for only a short period, such as six months, before reverting to a higher rate. but if you can make payments at a lower rate for that period of time that reduce the total amount you pay at the higher rate, it might be a good idea to give it some serious consideration.

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:

Finding a Home Loan with Bad Credit
Finding a home loan that is affordable when you have bed credit can seem nearly impossible and can be very frustrating. However, there are lenders out there who will approve your home loan regardless of your credit history. Yes, there will be some...read more

Getting a Debt Consolidation Loan
Should you find yourself getting in over your head with debt, you might be a prime candidate for a debt consolidation loan. These loans are designed for those with a heavy burden of debt, and are used to consolidate a large number of debts into a...read more

Bad Credit Car Loans Have Their Advantages
Are you one of the many people who have credit problems? Poor credit ratings and bad credit is more common than you think. Bad credit is not something to be ashamed of as it can happen to all of us at some time in our life. The good news is that...read more


Return to Home

468x60

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