What is a Secured Loan?

A secured loan is simply a loan that uses your home as security against the loan. Secured loans are suitable for when you are trying to raise a large amount; are having difficulty getting an unsecured loan; or, have a poor credit history. Lenders can be more flexible when it comes to secured loans, making a secured loan possible when you may have been turned down for an unsecured loan. Secured loans are also worth considering if you need a new car, or need to make home improvements, or take that luxury holiday of a lifetime.

Benefits of secured loans include:

Lower monthly repayments than unsecured loans

The ability to borrow more money

Spread repayments over a longer period of time

More detailed information??

A secured loan is a type of loan available to people with securable assets. Usually these assets take the form of property, such as a home; this is why secured loans are often referred to as 'homeowner loans', "home loans", "secured personal loans" or "second charge loans".

You do not have to own your own home outright to be able to take out a secured loan; if you have a mortgage you can put the proportion of the home that you own up as security.

Because a secured loan is secured on property, most lenders will approve your loan even if you have a history of adverse credit such as county court judgements (C.C.J's), defaults and arrears.This make secured loans very attractive to people who would otherwise not qualify for a loan from their local bank.

You can borrow any amount from £5,000 to £75,000 and repay it over any period from 5 to 25 years. You simply select a monthly payment that fits in your current circumstances. Generally, secured loans tend to be cheaper than unsecured loans and other forms of borrowing.

The interest rate for a secured loan depends upon various factors such as the amount of money you borrow, the length of time and personal details. You can also insure your payments for peace of mind, so you do not have to worry if you lose your job or are unable to work because of accident or sickness.

Secured loans are arranged through leading financial institutions so you can be assured of a professional and responsible service such as, National Banks and Finance Houses like First National Bank, Black Horse Finance, Welcome Finance, iGroup amongst others.

Once your secured loan application has been processed and accepted you will be made a no obligation offer. It usually takes around 14 days for a secured personal loan to be completed and you can cancel any time within this period with no penalties.

You may freely reprint this article provided the author's biography remains intact:

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

---

Google News Updated : Sun, 20 Jul 2008 18:47:06 GMT As 'Mamma Mia' movie opens, fans cross age groups - New York Daily News Washington Post As 'Mamma Mia' movie opens, fans cross age groups New York Daily News - 10 hours ago BY GINA SALAMONE 'The only reason I go into the Guy and Gallard right by my office is because they play ABBA all the time,' says Justyna Zajac, 25. 'Mamma Mia!': Gotta Love It, Like It or Not Washington Post 'Mamma Mia' Los Angeles Times CBS News - San Francisco Chronicle - MTV.com - Allentown Morning Call all 579 news articles Publ.Date : Sun, 20 Jul 2008 08:13:43 GMT NYC chain restaurants posting calories on menus - Reuters Canada.com NYC chain restaurants posting calories on menus Reuters - 12 hours ago By Edith Honan NEW YORK (Reuters) - A new rule requiring New York chain restaurants to post calorie information on their menus took effect on Friday, marking a first for a US city. Video: NYC Restaurant Chains Post Calorie Info AssociatedPress Restaurants That Lack Calorie Counts Now Face Fines New York Times eFluxMedia - The Associated Press - WZZM - RedOrbit all 457 news articles Publ.Date : Sun, 20 Jul 2008 06:18:27 GMT Give Hamm a hand, he's going to Beijing - The Associated Press Los Angeles Times Give Hamm a hand, he's going to Beijing The Associated Press - 9 hours ago COLORADO SPRINGS, Colo. (AP) - Give Paul Hamm a hand. And a plane ticket to Beijing. The Olympic champion will get to defend his title in China thanks to a performance Saturday that ended any doubt about whether his broken right hand has healed. Paul Hamm remains part of US men's gymnastics team Los Angeles Times Hand Healed, Gymnast Hamm Headed to China Washington Post New York Times - Denver Post all 500 news articles Publ.Date : Sun, 20 Jul 2008 08:50:45 GMT Harrington wins 2nd straight British Open - The Associated Press Harrington wins 2nd straight British Open The Associated Press - 55 minutes ago SOUTHPORT, England (AP) - Padraig Harrington has won his second straight British Open, overtaking 53-year-old Greg Norman and fending off Ian Poulter. Video: Greg Norman Leads British Open After 3 Rounds AssociatedPress Harrington wins British Open, Norman ties for third MLive.com Bloomberg - The Canadian Press - Contra Costa Times - Sports Network all 3,987 news articles Publ.Date : Sun, 20 Jul 2008 17:51:07 GMT Batman’s ‘Dark Night’ Sets Weekend Record - New York Times Batman’s ‘Dark Night’ Sets Weekend Record New York Times - 1 hour ago By MICHAEL CIEPLY LOS ANGELES - Fevered fans pushed “The Dark Knight,â€� the sixth in Warner Brothers’ series of “Batmanâ€� movies, to record three-day ticket sales of $155.3 million over the weekend, shoring up what so far had been a wobbly year at the ... Batman beats up Spider-Man at box office Reuters 'Dark Knight' topples Spidey for biggest film opening USA Today The Associated Press - E! Online - BBC News - MarketWatch all 1,072 news articles Publ.Date : Sun, 20 Jul 2008 17:27:06 GMT Salmon and steelhead are threatened by California's water system ... - Los Angeles Times eFluxMedia Salmon and steelhead are threatened by California's water system ... Los Angeles Times - 13 hours ago Check out Times staff writer Eric Bailey's story today on another late-Friday decision by a federal judge. US District Judge Oliver W. Wanger of Fresno said in a 118-page opinion that the "Central Valley's winter- and spring-run salmon, as well as the ... Judge Acknowledges Threat to California's Salmon and Steelhead eFluxMedia Salmon threatened with extinction, judge says San Jose Mercury News United Press International - San Francisco Chronicle - The Associated Press - Belleville News Democrat all 161 news articles Publ.Date : Sun, 20 Jul 2008 05:30:35 GMT The Search For Elusive Holy Grail Of HIV Vaccine .....Continues - RTT News Ontario Now The Search For Elusive Holy Grail Of HIV Vaccine .....Continues RTT News - 3 hours ago (RTTNews) - The quarter-century-long quest for the Holy Grail of HIV vaccine has suffered yet another major setback. The National Institute of Allergy and Infectious Diseases or NIAID , a part of the National Institutes of Health or NIH on Thursday ... Plans for Human Trial of HIV Vaccine Canceled New York Times US Scraps Plan to Test AIDS Vaccine Wall Street Journal San Francisco Chronicle - TIME - International Herald Tribune - RedOrbit all 248 news articles Publ.Date : Sun, 20 Jul 2008 15:20:03 GMT RSS feeds Increased Website Traffic

PARLOT::Ebooks, Scripts, Websites, and more...

Adsense websites

Finance Your Home Business: Six Ways Under Your Nose

There are lots of ways to get additional capital to... Read More

Shopping for a Payday Loan

You wouldn't consider buying a new pair of shoes, a... Read More

A Guide to Finding an Adverse Credit Homeowner Loan

If you're searching for an adverse credit homeowner loan, you... Read More

Secured Loans Guide

Secured loans are becoming increasingly popular due to their flexibility.... Read More

Quickest Payday Loans - Things To Look For in a Cash Advance Company For The Fastest Loan Processing

To find the quickest payday loans, you need to look... Read More

Loan Basics

There is more than one type of loan. Depending upon... Read More

How to Find a Loan or Mortgage with Bad Credit

If you have bad credit and you are trying to... Read More

A Consumers Guide to Getting a Bad Credit Loan

Here is a useful guide to getting a bad credit... Read More

What is a Bad Credit Personal Loan?

A UK Bad Credit Personal Loan is a loan designed... Read More

Bad Credit Personal Loans ? Pertinent Pedestal for a Financial Resumption

In the arena of loan borrowing, there is hardly an... Read More

Should You Get A Pay Day Loan?

Whether you have good credit, bad credit or no credit,... Read More

Where to Get Your Military Signature Loan

Military signature loans are easy to come by. When looking... Read More

How to Find Bad Credit Loans UK

Bad credit loans UK can sometimes prove quite difficult to... Read More

Fast Cash Advance Payday Loans - Convenient to Use Online

Online cash advance companies offer a convenient and speedy application... Read More

Five Things To Check Out When You Apply For a Payday Loan

Are you thinking of going in for a payday loan... Read More

Faxless Payday & Cash Advance Loans - Fast Cash, No Faxing Loans, The Easiest Payday Loan Process

If you are in a hurry for a payday loan,... Read More

What Is A Personal Loan?

Personal loans can be divided into two categories: secured personal... Read More

Bridge Loan

A buyer of a new home may find himself or... Read More

What is a Car Loan?

A car loan is a type of credit offered by... Read More

What is a Homeowner Loan?

A Homeowner Loan is a way of using the equity... Read More

Cant Wait For Payday? Try Check Advance

Check advance can come in really handy when you're waiting... Read More

Get your Dream Car ? Get a Car Loan

You've probably spent years thinking that your dream car is... Read More

What is a Bridging Loan?

A bridging loan as the name implies is a loan... Read More

The Best Way to a Farm Loan Success

The most important and difficult part in farm mortgage shopping... Read More

What You Should Know About Home Equity Loans

A home equity loan is essentially a type of second... Read More