There are several types of commercial and asset finance, so make sure you know the differences. Then you can decide which one will suit you.
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Small business loans can be great when you need to get your brand up and running or cover unexpected expenses. However, it’s useful to understand the difference between the available options before committing to one.
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Just like you, banks are in business – and they don’t succeed by making bad deals. When they consider your loan application, they’re calculating the financial risk of entering into an arrangement with you.
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loansHub has compiled common mortgage terms that are frequently used by lenders and potentially misunderstood by some borrowers.
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With price of properties becoming unaffordable in sought after locations, parents are stepping in to help their children get on the property ladder. One of the most common way they’re assisting is by becoming a guarantor using the equity in their own property and on rare occasions, by being joint borrowers.
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Credit card balance is the total amount of money you owe on your credit card account at any point in time during the statement cycle.
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Maybe you’ve spent more than expected on renovations, or you’ve recently taken a personal loan for a new car, or you have racked up a large credit card balance, or you’ve decided to put your kid (s) through an exclusive private school.
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Mortgage repayment calculation consider these five factors:
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Your deposit contribution plays an important role when you’re buying a home. A deposit contribution is a percentage of your home’s purchase price that you pay up front when you settle your home loan.
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A home equity line of credit, also known as a LOC, is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans such as credit cards
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Identity fraud is when someone actually uses another person's information to impersonate them, whether the victim is dead or alive, to commit illegal activities like opening a bank account, taking out a mortgage and more.
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Not everyone can afford to buy a brand-new property first up, for most entering the property market, an established property is usually the way in.
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The reality is, most of today’s borrowers will ask for a redraw or offset facility with their home loan even if they don’t understand how the benefit is applied. Most lenders have either an Offset or Redraw facility as an option with their home loan products and the best ones offer both.
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A pre-approval’s biggest allure is its 90-day validity period without needing to reapply every time you want to make an offer on a property, giving you an advantage over anyone who doesn’t know what their borrowing capacity is
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Insurance is one of the few things you buy with the hope that you'll never need to use it. If an emergency or accident occurs, however, insurance can help offset the costs associated with recovery.
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For most people mortgage repayments makes up a big part of their financial commitment.
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Mortgages must be registered with the title office in whichever state the property is located. For this, a lawyer is involved in all purchase transaction unless the buyer decides to self-conveyance
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Not everyone is able to find their dream home for sale on the market, some accordingly decide to build their dream home.
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It is rare for someone to be able to buy a property without having to borrow money from a lender to supplement any savings they may already have.
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For a list of loans available from multiple lenders, you can always go to one of the online comparison sites and see what’s available.
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