Borrowing big amount may be difficult for anybody but not certainly for those who have a home to offer as security. Secured loans that are offered against the home of a person allow anybody to take out bigger amounts. As a rule, the amount one can take out against his home depends upon the value of the equity available in it. However, in some cases the equity does not play so much an important role.

There are lenders who get ready to sanction an amount that is bigger than the value of the home equity. Some lenders go even further and accept a home with zero or negative equity in it. Of course, such types of lenders are rare in the market. However, a potential borrower who is equipped with an impressive credit score and a good debt to income ratio will have no problem to get in touch with such lenders.

It is a fact that a good credit score increases the reliably of a person as a borrower. A person with impressive credit history will easily get approval for a loan even if he does not offer a security. He has his credit history that will speak for him. It is the certificate of the fact that he has already succeeded in dealing with his loans. So, there is strong likelihood that he will be successful again in future.

Credit sore plays the same role in case of secured loans. If the borrower's credit history is impressive and free from any factors like County Court Judgments, arrears, defaults, missed payments etc. then he will get an easy approval to the loan. Not only that, he will have the repayment terms and condition in favour of him. Thus, he will get a large loan amount and a long repayment term. The repayment instalments will be affordable and interest rate will be lower than other types of loan.