Secured V Unsecured Loans: What's the Difference?
Secured V Unsecured Loans: What's the Difference?Author: andrew.regan.2006@googlemail.com These days, more and more people are arranging finance for a range of reasons: holidays, a new car, home improvements; the list is endless. In order to offer consumers the widest possible choice of financial products, many companies now offer customers several different types of loan from which they can choose; the most popular type of loans being secured loans and unsecured loans. A secured loan, for example, is a loan which requires the borrower to provide the lender with some form of security. Most often, the security levied is the borrower's property – regardless of whether it is mortgaged or is owned outright. A loan secured on a mortgaged property is known as a 'second charge', whereas a loan secured on a property that is owned outright is known as a 'first charge'. Secured loans are most often associated with homeowners and mortgage payers, with loans available in varying amounts and for many different purposes, including debt consolidation. Available amounts range from 3000 to 50000, although some lenders will consider lending up to 100000 with repayment terms typically ranging from 3 years to 25 years. However, you might incur a penalty fee if you repay your loan earlier than agreed with your lender. Depending on the amount of money you borrow, lenders will charge interest, which is referred to as the Annual Percentage Rate (A.P.R).
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Traveling Europe in Style by TrainTraveling Europe in Style by TrainAuthor: Susan M. KeenanTraveling Europe by train is perhaps one of the most engaging ways to take a vacation or holiday. From fascinating mountain peaks to meandering rivers of pristine waters to lush, green landscapes, your journey by train takes you to sites that you will never want to leave except for the knowledge that each leg of the journey continues the experience. As the scenery sweeps past you in its amazing splendor, the power of the train and of the journey itself energizes you to a new level of awareness. As if this experience of viewing the wonder of nature isn’t enough, each time you stop to visit one of the fascinating cities on the itinerary, you will get another eyeful of attractive architecture, intriguing historical monuments, and charming scenery. |
Drunken Driving in FloridaDrunken Driving in FloridaAuthor: smanuva anuvaThe task of a driver on roads is really very tough and needs lot of attention and alertness. He has to overcome several vehicles whether light or heavy, and have to drive in parallel and in accordance with those vehicles. He has to be mentally present on road so that he can take significant decisions in seconds. So, driving after the in-take of alcohol, a driver cannot perform his task in a proper manner keeping him in the risk of encountering accidents.A driver has to face challenges in the overcoming the situation of heavy traffic and going safely throughout. Science tells that alcohol affects our mind and we get out of control after in taking it. Even 1% of alcohol in our blood influences our vision, and our sense of judgment resulting in imbalance of steering. |