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Meet your current requirement with minimum outflowWhen you are planning for a new business venture or seeking an expansion of the current business or renovating your home, small amounts can not suit the purpose. These activities need lump sum amount of money. The loans sanctioned without a security also charge you high interest rates. So when you are going for large investments, a loan against residential property is always recommended.
As per estimate the average value of a home in UK is near about 200,000 pounds. If you are a homeowner you can borrow up to eighty percentage of the value of your home without any hassle. The borrowing amount can be up to 250,000 pounds. Cheap secured loans are those loan plans which are offered against your home as a security at a lower interest rate. The borrowing amount depends upon the equity of your home. Equity is nothing but the difference between the market value of your home and the claims held against it. Higher the equity value, higher the amount you can borrow. More than hundreds of Autor: Angelo Drew
The author is a business writer specializing in finance and credit products and has written authoritative articles on the loan industry like (Homeowner Loans, Compare Loan etc). Added: 06 ноября 2007Source: http://contentdesk.com/view.php
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