Recognized Expert
Go Back   Recognized Expert > Marketing Discussion Forums > Off Topic & Chit Chat

Tags Groups FAQ Members List Calendar Search Today's Posts Mark Forums Read
Old 03-04-2013, 07:48 AM
Join Date: Aug 2012
Posts: 53
Default Choose Secured or unsecured home loan?

A loan, as you may be aware, is a tool which can assist a person when it comes to financing something, it could be a vehicle, business or even a home. There are in general two categories when it comes to loans and they are as follows:
Personal loans: for those people that are looking to purchase a house, or finance aspects in their personal lives, the best options provided would fall under personal loans.
Business loans: when a person requires the financing for his business at any cost, provided it is strictly attached only to the business, one can opt for business loans.
When we speak of home loans, it comes under the personal loans category. Even when it comes down to taking a home loan, a person can either opt for a secured home loan or an unsecured home loan.
Secured home loan: when a person opts for a secure home loan, the mortgage would not pose as a potential threat to the owner and all the assets of the home are protected. It is protected by the equity value of the borrower’s real home/ residence.
Unsecured home loan: when a person is opting for an unsecured home loan, the new home being purchased without securing the personal assets of the person and the entire home in general. Opting for this loan can result in a blow to a person’s credit.
It is always a better option to be on the safe side and keeping clean credit by opting for a secure home loan.
Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Stumble!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads

Thread Thread Starter Forum Replies Last Post
Indian finance loan systems are expensive harshamaitra Off Topic & Chit Chat 0 10-19-2012 04:59 AM
Which one will you choose to do exercise? ptfetapes Targeted Email Marketing Forum 0 08-21-2012 05:03 AM
work from home aelinechristy Search Engine Optimization Forum 7 07-12-2012 02:19 AM
online job atb home mehrou12 Blogging Forum 3 06-28-2012 04:05 AM
Need Help Making a Static Home Page for My Blog shalisha42 Article Marketing Forum 3 06-01-2009 11:29 AM

All times are GMT -4. The time now is 08:16 AM.

Powered by vBulletin®
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2008, Crawlability, Inc.

Copyright Sommers Communication 2008
821 Kumulani Dr. Kihei, HI. 96753