Archive for the ‘Personal Loans’ Category

Funding a small business through your Mortgage

May 10th, 2010

Funding a small business through mortgages can be a popular decision for many small business owners as it seems to involve less red tape and makes for quicker decisions.The first advantage is that getting a second mortgage is relatively easy, and there is no need to spend any of that money on the house.

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Using Mortgages to finance investments

May 3rd, 2010

It has become quite common to use mortgages to finance investments.  While the main residence can be a useful source of finance for investments, it needs to be watched very carefully.

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How is a Personal Loan Different from a Mortgage?

January 31st, 2010

Although personal loans and mortgages are both one off loans advanced by banks to consumers and they both aim at being paid off there are some important differences.

The most important difference is that a mortgage offers security to the bank.  If the borrower defaults and stops paying the debt back then the lender can take possession of the house, sell the property and use the proceeds to pay off the loan and any interest that has accrued.  This means that the lender is far safer than if there were no security.

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