My regular readers know that I've recently found myself in a financial mess. I was very fortunate that secured loans are available to homeowners and I was able to rescue myself. What's so embarrassing to me is that I should not have gotten into such a mess in the first place. I had a very good business year a few years back. Never having had a lot of money on hand, I handled the excess very poorly. I re-roofed my home. I bought my first ever brand new car to work out of. I upgraded some worn-out features on my home and added a new room. And I paid for it all in cash. The expenditures were all appropriate and needed, but paying cash was a huge mistake. I found myself with nothing left in the bank when other expenses came due.




I've learned a lot from the mistakes I made. As my readers know, I got a remortgage quote and was able to bail myself out. I even borrowed a little extra against the equity in my home to catch up the bills that accumulated when I ran out of money. It really feels good to be back on firm financial footing. And now that I have a better understanding of loans, I know how to handle the additional work my house needs. When I am ready to remodel my kitchen and bathrooms, my first step will be to find out about getting a home improvement loan for the work instead of using up money that should be going into a retirement fund and savings.




I love my new room and the other changes I've made to my home, but the entire process has been very painful and stressful for me. It doesn't have to be that way! If you're planning on remodeling or upgrading your home, your first step should be to fill out a mortgage application so you can borrow the money that you'll need. If what I went through serves any purpose at all, perhaps it's to be the bad example for you so that you won't have to repeat my mistake! UK Personal Loan Store sponsored this post, and you can learn all about doing it right on their site.

Labels: finance, loans, mortgages, payperpost