Home Loan Section

A personal finance section with information about home loans, as well as providing a form for applying for a Home Owner Loan.

Are you a UK resident wanting a personal loan, but also want to save money on its overall cost? Then you'll be interested in our home loans section. Loans for home owners are usually given better rates and cost less overall because they are secured on the home.
If you are after a Home Loan, then The Grabber is here to help.

Topics covered on this page are:

What is a Home Loan | Repayments | APR | Repayment Difficulties Homeowner Loan Jargon Buster - term index

Apply Online - Don't delay, fill in a form and Grab that Deal!

Homeowner Loan Application Form

Homeowner Loans with The Grabber

The Grabber can help you apply for a home loan online, saving you hours surfing the internet or pounding the pavement to find the finance you're after. Spend two minutes completing our homeowner loan application form and you'll get a very competitive quote, whatever your credit history and personal circumstance.
The home loan can be used for what ever you want, we can even help if you have a problem credit rating and have previously been turned down when applying for a home loan. This service from the Grabber is free to use and you are under no obligation to accept the loan offered.
Don't wait, fill in a form and Grab that Home Loan.

What is a Home Loan

A home loan, or "secured loan" is personal finance which is borrowed and then repaid over a set term. The secured home loan is secured upon property, usually the home, making it only suitable for visitors who own their property.
Home owner loans are usually given better rates than tenant loans because of this security and generally cost less overall. The loans term is the period of time over which the loan is taken out and then repaid. Many loans come established with set term periods, with higher monthly repayments for shorter terms and lower repayments for longer terms.
Secured loans advertised with set terms will usually display the loans overall cost to the borrower, which makes comparing between lenders easier for you.

Home Loans Repayments

The repayments on a home loan are calculated using several different criteria and factors.
Along with the amount lent, the lenders charge interest on the loan, this is shown as the home loans APR. With the capital and the APR, lenders also charge administration fees and arrangement charges.
Taking in all the fees, charges and with the credit rating of the borrower, the lender calculates the overall cost of the homeowner loan then divides this by the loans term. This is then presented to you, the borrower, as the monthly repayment amount for the home loan.

Home Loans and APR

The APR charged on a homeowner loan varies with each individual lender. The APR is the total cost of the home loan for the year, so the higher the APR the higher the repayments, the lower the APR, the smaller the repayments. Showing the APR is a legal requirement and all lenders must make it clear what it is for their financial products.
This makes searching for a secured home loan easier, as it is a clear indicator for comparing one lender to another.

Home Loan Repayment Difficulties

Because a home loan is secured on your home managing the repayments is of paramount importance. If you're having repayment difficulties always contact the lender immediately to explain.
Having difficulties with repayments is nothing to be ashamed of, there may have been changes to personal circumstances that were not expected. These changes may have affected your ability to pay, they may even be temporary like a redundancy.
Debt can quickly mount up and become daunting. This debt is easier to control and manage if early action is taken and advice sought out. Do not panic or ignore the problem and together with the lender an agreement could be reached that takes account of any currant budgetary conditions and still makes repayments on any outstanding arrears. Contacting the lender and agreeing to a plan to pay off debt may assist with your credit rating.

Apply Online - Don't delay, fill in a form and Grab that Deal!

Homeowner Loan Application Form

Terms Index

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