ISA Equity Loans Versus Flexibile Equity Loans
Written by: Emanuele Allenti
ISA equity loans are loans that come with "financial vehicles."
In other words, if you have an interest only loan, and select
the ISA loan, the lender will request that you agree to a
"financial vehicle" to guarantee that you will repay the
mortgage off by the end of the term. The vehicles may include
'pensions,' ISA, and 'endowments.' This means that when your
monthly installment is due, you will repay the interest rates on
Thus, the loans are intended to help the buyer pay the loan
amount in full by the end of the term. Like the flexible loans,
the ISA equity loan offers flexible options to homebuyers. Some
of the disadvantages, however, are that during the term of
"endowment," you cannot stop and restart payments, otherwise you
will have to face a penalty, and may loose cash.
If you take out an equity pension loan, you won't need to worry
about access, at least until you are of the age stipulated in
the agreement. Thus, paying off the loan is not possible since
the penalties exist. The ISA equity loans, in contrast, enable
homebuyers to stop paying into them and start again with little
or no penalty charges.
Therefore, if you are seeking equity loans, you will want to
consider the flexible loans and stay away from the interest only
loans, since the degree of risk is much higher. The ISA equity
loans offers homebuyers a break on their taxes, which may offer
you a means to repay the mortgage sooner. Last, the ISA loans
are flexible loans that offer "stop and start" pay plans, which
makes it convenient for homebuyers to get ahead. If you are
currently considering an ISA equity loan, you should ensure that
you are getting the best rates by comparing a number of
different ISA equity loan contracts from different lenders.
About the author:
Emanuele Allenti is the owner of
What is a Business Loan?
A business loan is designed for a wide range of small, medium and start-up business needs including the purchase, refinance and expansion of a business. If you run your own business, it is likely that you will need funds at different points of time...read more
Reaping financial rewards – bad credit home equity loans
Home is the place you inhabit. It is the place where you live, breathe, grow, thrive. It does more than just providing a living space. The moment you build up this house, or moved to your present apartment, you did not realize that you have struck...read more
The Pro's and Con's Of Debt Consolidation Loans
You are swimming in debt. You have 4 credit cards maxed out, a car loan, a consumer loan, and a house payment. Simply making the minimum payments is causing your distress and certainly not getting you out of debt. What should you do? Some people...read more
Return to Home