Editorial Disclaimer

Alternatives to home equity loans or mortgage refinancing?

Alternatives to home equity loans or mortgage refinancing?

For those having good credit history, a personal loan may be a good alternative to a home equity loan or mortgage financing.  A personal loan is a loan that’s not backed by collateral. It‘s also known as a signature loan or unsecured loan.  An unsecured loan is usually based on the borrower's integrity and ability to pay.

A personal loan is typically a short term loan that can be used for a variety of things such as home improvement, patio furniture, digital cameras, vacations, or to pay off high interest debt.

For people looking for an unsecured loan, but have bad credit history or no credit history, a cash advance may be an option.  A Cash Advance or Payday Loan is a very short term loan that’s typically based on the applicants having a regular paycheck.

Follow Us Here!

Editorial Disclaimer: Information in these articles is brought to you by CreditSoup. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles. The information is accurate to the best of our knowledge when posted; however, all credit card information is presented without warranty. Please check the issuer’s website for the most current information.

Advertiser Disclosure

CreditSoup is an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which CreditSoup receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditSoup does not include all companies or all offers available in the marketplace. CreditSoup may use other proprietary factors to impact offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

Editor’s Rating

Our editors review each credit card and provide our ratings based on the features the credit card offers consumers including the fees, interest rates, benefits, rewards, and how it compares to other credit cards in its category. Card ratings may vary by category as the same card may receive a different rating based on that category.

CreditSoup.com may be compensated by companies mentioned on our site when a consumer’s application is accepted or approved by the company.