Secured Personal Loan Financing Made Easy
If you own property and are looking for financing, a secured personal loan will provide you the best interest rate and highest approval amount possible. Collateralized loans allow borrowers to obtain approval amounts into the hundreds of thousands of dollars, and feature interest rates in the single digit range. The type of property needed for approval will vary, and depends on the amount of money you need. The higher the value of the property you put up as collateral, the higher the loan approval. If a few thousand dollars is all you require, an auto title loan may be a good option. However if you need a larger loan, you may need to put up a home or piece of land as collateral.
Secured personal loan lenders also accept people with both good and bad credit. In fact, secured loans can be the best personal loan for people with poor credit. At Life House, we are dedicated to helping you determine the best secured personal loan for your needs. Our personal loan experts are standing by ready to answer all questions you may have, and are here to help guide you in the right direction for free. So if you're ready to save yourself some time, and are interested in achieving the best loan approval possible, give us a call or submit your information today.
Searching For a Secured Personal Loan Online
When looking for a secured personal loan it is important you choose the solution that gives you the most freedom. Every loan option is different and has different repayment terms. The repayment terms on secured financing can vary drastically. Some loan programs will require you to pay back the money borrowed in as little as 30 days, while others can extend several years. It is also important you realized that collateralized loans are dependent upon the value of property you put up for approval. If the property you own only has a liquidation or market value of a few thousand dollars, then the amount approved, will also only be a few thousands dollars.
Determining what works best is easy and is just a matter of assessing the value of your assets. Below is a list of the most common types of secured personal loans.
Home Equity Loan or Line of Credit
A home equity loan, in the form of a line-of-credit, will offer you the freedom of drawing money only as needed. This secured personal loan type has an extended payback term that can stretch several years. Home equity loans offer the lowest rate and monthly payment possible. Depending on the equity in your home, the amount borrowed can exceed tens of thousands of dollars. Because of this, home equity loan and line-of-credit options are most commonly used for bigger projects, such as a home improvement. [Learn more about home equity loans]
Auto Title Loans
If you own your vehicle outright, an auto title loan may be your best option. This type of personal loan uses the title of your car as collateral. The loan amount you receive will depend on the value of your car. Because of this, auto title pawns are normally used by individuals in search of a few thousand dollars. Auto title loan lenders offer terms that range from thirty days to several years. Although this is a secured personal loan, rates can be higher than unsecured financing, and are much higher than other forms of collateralized loans, such as a home equity line-of-credit. [Learn more about auto title loans]
Pawnshop loans are classified under the category bad credit financing. This type of secured loan is actually the oldest form of financing and was first used in China thousands of years ago. Pawnshop loans allow borrowers to put up just about anything of value as collateral, and can be used for any purpose. This type of financing is designed to be a short-term solution, and although a good option to obtain quick access to cash, interest rates tend to be high. [Learn more about pawnshop loans]
Secured Personal Loan Lenders Through Life House Financial
When looking for financing either secured or unsecured, Life House is your best resource. We are a one-stop shop for everything lending and credit, and are here eager to help you in any way we can. We have the inside track, and know what it takes to get approved quickly and safely right from the comfort of your home computer. Don't shop around on your own. It makes no sense to wander the internet hoping you find the best option, when we are here to provide all the assistance you need for free.
Our expertly trained loan and credit representatives are standing by, Monday through Saturday, ready to discuss all loan options you have to consider at no cost or obligation whatsoever. Give us a call today at 1-888-952-7280, or submit your information online through our safe and secure online form now!