This has saved people up to 1100 per month. A home owner loan is any loan that requires the borrower to provide the lender with some form of security. In this case the security will be your property. Home Owner loans are available in varying amounts and for many different purposes e.g. car, boat, new carpets, furniture, paying off credit cards, debt conslidation and any other debts. The amount borrowed is usually repaid over a period of between 3 - 25 years.
Lenders charge interest rates on the amount borrowed.
These are sometimes fixed but for home owner loans are usually variable. If the rate is variable the rates change with market forces and could change the amount you repay. Home owner loan rates tend to be lower than unsecured loans as the lender has your property as security. Lenders frequently use credit scoring facilities and credit reference agencies to assess your suitability. Credit scoring assesses your personal statistics, for example your age and occupation and each statistic is given a score.