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Secured Personal Loan

gamblor101 · 2015-04-02 08:41:45

Looking to get a secured personal loan for finance some home improvements. My question is can I use the house as collateral considering I already have a mortgage on the house with a LTV of about 50% currently. Also are loan rates lower these days for secured loans as compared to unsecured loans?

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02-04-2015 9:41am

#1

gamblor101

Registered Users Posts: 158 ✭✭

Join Date: January 2007

Posts: 132

Looking to get a secured personal loan for finance some home improvements.
My question is can I use the house as collateral considering I already have a mortgage on the house with a LTV of about 50% currently.

Also are loan rates lower these days for secured loans as compared to unsecured loans?

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