Birmingham, Warwickshire United Kingdom (PressExposure) October 30, 2006 -- Your home serves you in so many different ways. While the very basic function of a roof over ones head is unmatched, the home equity acting as a collateral in secured homeowner loans too is of much importance. Loans Fiesta claims that if you are a homeowner and in need of funds, the best finance option will be secured homeowner loans.
Secured homeowner loans use the equity in home. Here the lender is offered the lien on home. That means you have your house at your disposal- always, if you are planning to pay up to the last pound of the secured homeowner loan. âAnd that will be very easyâ, says Daryl Marsh of Loans Fiesta. âWhen a borrower puts in his home as collateral, the lender too eases the terms a bit. Cheap rate of interest and higher loan amount are the lenders way to show his generosity. With such easy terms, it will be more difficult not to repay.â
Strictly meant for the homeowners, they once again outdo the tenants and other non-homeowners. Secured homeowner loans are not available to the latter. Thus, they miss on a very cheap source of finance.
While secured homeowner loans are the chief attraction at Loans Fiesta, there are other loans as well to serve the UK residents. Shop for vacation loans, auto loans, home improvement loans and many other loans on its website http://www.loansfiesta.co.uk