Enjoy Your Hobby With aSecured Loan Or a Remortgage
Equity is the balance left when the the outstanding mortgage is deducted from the value of a property.
This means that if a homeowner has a mortgage of £130,000 secured on a property worth £360,000 the equity would be £230,000.
Contrary to the experience of the past two odd years when house prices have fallen, property values in the UK normally rise at a steady pace, and therefore if you are one of those individuals who constantly moves house frequently taking out the maximum mortgage at each move, most people have a considerable sum of equity on their property.
If this is you and you have a good steady salary to comfortably afford the repayments, taking out a remortgage or a secured loan for almost any purpose is a good low interest way to fund almost anything.
Secured loans, otherwise known as homeowner loans can be used for almost any purpose such as to buy a vehicle, to do external and internal homeimprovements or very commonly these home loans are used for debt consolation which entails clearing off all high interest credit cards,personal loans etc into the one much lower interest monthly payment.
Apart from all these usages for secured homeowner loans and remortgages, these excellent low interest financial products, with remortgage rates starting at under 2%, can be used to fund further enjoyment of your favourite pastime or hobby.
If you are a golf lover you could take a trip to the Algarve, home to many excellent golf courses, and enjoy the certainty of constant sunshine and beautiful scenery while enjoying your favourite sport.
Thanks to your secured loan or remortgage you can stay in a luxurious five star golf resort where spas, delicious food and total relaxation at the end of the 18th hole can be enjoyed.
If you prefer to stay in the UK and do not mind the often gloomy weather you could treat yourself to a two centre trip to the world famous golf courses at St.
Andrews and Turnberry and while in St.
Andrews stay in the comfort of The Old Golf Course hotel where the cheapest room starts at about £400 per night rising to much more for a suite.
In Tunberry the hotel of choice as you can now afford it is the 5 star Turnberry hotel with prices similar to the hotel in St.
Andrews.
At both these hotels you can virtually fall out of bed onto the golf course.
Surely this must be every keen golfer's dream? After all it is not every sport that has the word widow attached to the end of it's name.
If tennis is your preference then by means of your remortgage or secured loan you can go to the many tennis tournaments that take place in Europe and America every year.
Enjoy the excitement of seeing all the grand slam games and enjoy the greatest tennis tournament of all that is Wimbledon which takes place in London towards the end of June every year.
You can enjoy seeing the world's greatest tennis players in action on the center court where tickets for the finals can change hands for thousands of pounds.
This is only the tip of the iceberg as ideas go for the use of remortgages and secured loans, as all other types of pastimes and hobbies can be enjoyed by releasing a little of the equity tied up in your property to enjoy life to the full.