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The time now is 10/07/08 - 06:22

Advice on paying a secured loan


RealCool.BIZ Forum Index -> Finance -> Loans

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jessie
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Joined: 06 May 2006
Posts: 1



PostPosted: 05/15/08 - 07:53    Post subject: Reply with quote

I am thinking about redecorating of my house. I saw an interesting show on television and that gave me a couple of great idea for my plan of decorating my house. The only problem is the lack of money. That is why I was thinking about applying for a secured loan. Can you give me an advice on paying a secured loan? Feel free to write down anything you think about this.
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ephrayim
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Joined: 21 Mar 2005
Posts: 3



PostPosted: 06/14/08 - 01:51    Post subject: Reply with quote

Hello, I think that secured loan is the same thing as a mortgage. Perhaps not the exactly the same, but there is similarity between them. I presume this is your first time that you apply for these kinds of things. If this is a case I must say that the best thing you can do is to hire a mortgage broker. It would be a bad idea to bring this type of decisions without consulting with an expert.
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chenai
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Joined: 17 Jun 2008
Posts: 2



PostPosted: 06/17/08 - 14:45    Post subject: Reply with quote

ephrayim wrote:
Hello, I think that secured loan is the same thing as a mortgage. Perhaps not the exactly the same, but there is similarity between them. I presume this is your first time that you apply for these kinds of things. If this is a case I must say that the best thing you can do is to hire a mortgage broker. It would be a bad idea to bring this type of decisions without consulting with an expert.


There's a big difference between a secured loan and a mortgage, on a mortgage the house you're buying is the collateral, a loan you can secure on anything; your house, car, belonging etc..
learn more about secured loans
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