Are you looking to make a high-ticket purchase or take a much needed vacation? Instead of incurring debt on high-interest credit cards or applying for a second mortgage, you can get the cash you necessitate via an unsecured loan.
Unsecured Personal Loans vs. Home Equity Loans
Even though home equity loans offer real strong tax advantages, there are still some very sensible reasons you should consider a personal loan instead:
- Instant access to your funds; typically within hours from the time you submit your application.
- Lower required borrowing amounts.
- No closing costs.
An unsecured loan is going to be your best option if you are not a homeowner, are looking to borrow a small amount of money and/or need cash fast. It can take weeks for you to get financing via a second mortgage.
Eliminate your debt!
You can combine your high-interest credit cards into one easy to manage payment with a personal loan. Instead of having multiple bills to worry about every month, you will only have one. Interest rates associated with personal loans for paying off credit cards are also typically lower than credit cards; allowing you to save money and commit more money every month to your credit card principal.
Use your loan for most any need!
You can use the money you receive from your loan for buying a new car, paying for medical costs, taking a vacation, making home improvements, or for almost whatever your needs are.
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