Is refinance only about to get a lower interest rate? For many, the answer is yes. But others may take refinance as an opportunity to meet other funding requirements. Renovating your home is a major decision. It not only involves finances but also needs to meet your objective. Improving your living standard or adding substantial value to your property […]
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Being the first home buyers or a seasoned one, home loan is the most common trend among the property buyers. A growing number of Australians are looking for home loan as first home buyers. It may be daunting for many to understand the entire process especially for the first home buyers. Interest rate (fixed or variable), pre-approval, settlement, stamp duty, […]
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Refinance is a most popular buzz word among the borrowers particularly for those hold mortgages. The reason of refinancing may vary from borrower to borrower. However, majority aim is to trim down the interest rate. At this period of historic low cash rate set by RBA, many lenders are coming up with enchanting home loan products. So, refinancing your mortgage […]
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According to Reserve Bank of Australia (RBA), the ratio of household debt to disposable income was recorded at 193.7% at the end of June’17. It also says that the most household debts were housing related. So home loan or mortgage is the biggest debt component on most of the Australian’s financials. And a cheap interest rate may slash down hundred […]
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In many cases, people who look for a loan or refinance come across one of the difficult questions – “should I go for a mortgage broker Australia or bank loan officer?” It is more evident among the new home buyers. Especially who are unaware of the difference between a Mortgage Broker Australia and a Bank Loan Officer. So let’s put […]
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Business loan checklist is an important step before applying for a business loan application. Business loans are quite different and complex in nature. In contrast, home loans or mortgage loan applications are fairly common. One of the main reason of such uniqueness is its financial complexity and detailed paperwork. A checklist can guide you throughout the preparation and application process. Therefore, […]
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Lender’s Mortgage Insurance (also known as LMI), is associated with a loan that the lender consider to carry high risk. When a loan is worth more than 80 percent of a property’s purchase price, a lender may need an insurance to hedge the higher risk. The one-off insurance payment will protect the lender in the event when the borrower […]
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Pursuing your dream of an own home is quite achievable. But the right amount of finances is the pre-requisite. Therefore, home loans are likely the best option for many home buyers. But the loan process can be daunting if you haven’t a clear knowledge about it. Often the hopeful borrowers are worried about the final verdict of home loan. […]
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From Start-up to big enterprises’, a commercial loan helps to gain the financial assistance. A business can get both unsecured or secured commercial loans. Various forms of security including residential, commercial property, business assets, or a combination of these. Events like paying off for expansions or day-to-day expenses or just to manage liquidity are named a few when a commercial loan […]
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Everyone wants to pay off the mortgage as soon as possible but many missed in identifying ways to it. Before we move on, here is a simple question for you. When was the last time did you check the progress of your mortgage payment? Remember even simple analysis of your mortgage payments can bring savings, opportunities like faster payment or even […]
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Mostly we all have credit cards. Indeed, Credit cards are important and convenient in our day to day transactions. But the major cons are interest and penalties if you fail to repay within the time limit. But there are ways to manage and use your credit card smartly and not racking up debt. So here are some quick tips: 1. […]
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