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What are Home Equity Loans Used For?

Posted on January 2, 2021 at 9:20 am

If you are considering looking into a Home Equity Loan, it is good to learn as much as you can about it first and do your research. Home Equity Loans are for borrowing money against the ‘equity’ of your home without requiring that you sell your house. Equity is the difference between the saleable value of your home and the home loan you have against it.

For example, say your property is valued at £150,000 and you have £50,000 remaining to pay on your mortgage, the equity is £100,000. If your home is paid off, then the equity would be £150,000. So, equity is basically what has already been paid for the property.

Home equity loans, are also known as a homeowner loan, it is secured against the value of your home and often used to consolidate debts or buy a car. An alternative is home mortgage refinancing, where you usually increase you mortgage, taking all or some of the extra borrowed cash. Be very cautious when securing additional debt against your home as it could be repossessed if you do not keep up the payments.

Posted in Home Resources, Uncategorized

Efficient Contemporary Log Burners

Posted on March 3, 2018 at 9:42 pm

Are you excited about buying a contemporary log burner? Do you like the fact that Contemporary Log Burners are available in numerous designs and that they are energy efficient? If this is the case you should take the time to check out Contemporary Wood Stove and see for yourselves what it has to offer. (more…)

Posted in Home Resources

Finding Quality Firewood for Sale

Posted on February 15, 2018 at 4:17 pm

Firewood needs to be high quality in order to burn well and create an excellent fire. It’s important you can source high-quality firewood, or you will struggle to keep a fire burning and to make the most of your fire or wood burner. They can be used in fire pits, open fires, wood burners and even as a cooking flame if you have the facilities, but the quality is always important. Finding firewood for sale in your local area might be an option, but this is not always practical. You need to think outside the box if you are going to achieve anything significant in terms of finding quality firewood. This might mean looking online, or ordering in advance from a supplier, or even making your own and storing it in a wood shed outside! (more…)

Posted in Home Resources