If an unemployed person has a home of his own, he can thank his stars; he is not completely broke. Unemployed Loans is ready to organize loans for unemployed homeowners.
In unemployed homeowner loans, it is the equity in home, which is utilized to assure the lending organization. Therefore, unemployed homeowner loans can be said to be secured loans. Like a secured loan, in unemployed homeowner loans the lender feels lesser risk and thus the terms of the loan show less strictness.
Does unemployed homeowner loans place my house in danger? No, borrower only puts the equity in his home as collateral. That means the home of the borrower is still in his possession. He will continue living in the house for as long as he wants. Any danger of repossession of home only arises if the borrower fails to repay the proceeds of unemployed homeowner loans.
We aim to find you the most competitive deals. When one is offering his home as collateral, he wants maximum loan to value. We will try to find a high LTV for your home. Typical APR, flexible terms, high loan amount etc. will be the other attractions of unemployed homeowner loans organized by us.
To apply for unemployed homeowner loans with us, borrowers simply need to visit us online and complete the online application there. This will soon get you a pre approval call from our representatives.