Sometimes, a need arises for more money than is right on-hand. You may want to fix up your house, buy a car, consolidate your bills, or even finance a wedding. There are a few solutions for that: Get a(nother) job, do overtime, or get a loan. If you’ve already got a decent source of income, chances are, you won’t want options 1 or 2. After all, you’re already doing enough!

In that case, getting a loan may not be a bad idea. There are a few kinds of loans, including unsecured loans and homeowner loans.

Unsecured loans are the kind I would go for, for most credit needs. When a loan’s unsecured, more risk is shifted to the creditor–they can’t just automatically repossess your stuff. Unsecured loans, however, tend to make up for this by charging more interest. To me it’s worth it.

If you want to borrow more money, or pay less interest, a homeowner’s loan may be the ticket. These loans are secured by the home that is owned–hence their restriction to homeowners. These can be good for those with the stable incomes associated with jobs.