Secured Personal Loan Financing Made Easy...
If you own property and are looking for personal financing, a secured personal loan option will always be your best solution. With a secured loan, you will be eligible for the best interest rates and highest approval amounts currently available. Collateralized loans allow you to obtain approval amounts into the hundreds of thousands of dollars, and will allow you to achieve interest rates in the low single digits.
The type of property you will need to obtain financing varies, and will depend on the amount of financing you require. If a few thousand dollars is all you need, an auto title loan or pawnshop loan is a great option. However if you need an approval amount that is far more significant, you may need to put up a house as collateral.
At Life House, we can help you decide which secured personal loans are best for your loan request size, credit situation and budget. Our experts are standing by excited to help you for free. So give us a call or submit your information by using the big orange get started button above.
When Searching For a Secured Personal Loan
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 a few secured loan types commonly used by people searching for both personal and business financing.
Home Equity Loan and Line of Credit Options
Secured financing options such as a home equity line of credit, will offer you the freedom of drawing money and making payments only as needed. This financing type has extended payment terms that can go out for several years. Home equity loans offer the lowest rate and monthly payment possible. Depending on the value of your home, the amount borrowed can be into the hundreds of thousands of dollars. Because of this, home equity loans or line of credit options are most commonly used for bigger projects, and are a first option for people searching for wedding loans and pool loans. Learn more about home equity loans here
Auto Title Loans
If you’ve had a few bumps and bruises along the way and have less than perfect credit, an auto title loan may be your best option. This type of loan uses your car as collateral. Unless you’re driving a Bentley, your auto will probably not have a high value, which means this type of loan is only good for people in search of a few thousand dollars. Auto title loans can have terms from thirty days to several years, depending on the final approval amount. Rates for this type of loan although secured, can still be relatively high compared to other forms of collateralized loans like a home equity line of credit. Learn more about auto title loans here
Pawnshop financing usually falls under the category of a bad credit loan. 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 you to put up just about anything as collateral and can be used for both personal and business purposes. This type of financing is designed to be a short-term loan, and although a good solution should you need money fast, the interest rates are usually very high. Learn more about pawnshop loans here
Secured Personal Loans Through Life House Financial
When looking for financing either secured or unsecured, Life House is your best resource. We are a one-stop shop and can help you in all areas of lending and credit. We have the inside track and know what it takes to get approved quickly and safely. Don’t shop around on your own. It makes no sense to wander the internet hoping you find the best option, when our services are always free, and our expert guidance is just a phone call away. Get started now to find the secured personal loan you deserve today.