When you borrow money it makes sense to shop around for the best interest rates, nobody wants to pay more interest on a loan than they absolutely have to.
The only time when you may not have much choice about the interest rates is if you have a bad credit history. It is still possible to get a loan when your credit history is not good, but you will end up paying more for it. Many financiers want some sort of guarantee that they will get their money back, which is why most of them prefer lenders with some visible asset such as a house.
You need to be careful about borrowing money against the value of your home, as you might with a second mortgage, if you fail to keep up the payments then your home could be at risk
.One of the reasons that many people need to borrow money is because they are buying a new car. While it is possible to get finance from the car dealership, it is not always advisable, because you could find lower interest rates and better monthly payments from an independent finance company.