Homeowner secured loans, offer many advantage's to the average homeowner, with reduced monthly repayments of debt, also, you may consider a secured debt consolidation loan, if you have high credit card bills or over drafts this can reduce your overall payments. Another huge advantage is, its a lot easier to manage, making monthly payments on one single bill. It will make your finances easier to deal with and will reduce charges of interest you might have built up, also, its possible to get a loan as long as your credit is not bad.
With secured homeowner loans, you can usually borrow higher amounts of money then you could, if, you had a unsecured loan. Not to mention secured homeowner loans come with lower APR, this will make it less likely that, you will have to default on your loan. Since secured loans require you to offer collateral to the lender (should you default) the lower APR and payments will make it much safer for you.
Remember, much thought should be given to the different loan options that exist out there, and you should look online and talk to an expert, because each type of loan you get will come with its own pros and cons and all loans you can get will have different terms depending on how good your credit score is. Talk it over with your local bank, but, do not be afraid to go to other local banks. You NEED to explore all your options on this one.