FinanceCorp
Pay Off Your Mortgage Faster With These 5 Financial Tips
Buying a house is likely to be the most costly investment you will ever make, so it’s no surprise that mortgages may take decades to pay off. However, if you manage your money well, you can pay off this debt sooner and allow yourself more time to save for your next large purchase or investment.…
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Mortgage Default 101: What Happens When You Can’t Pay?
When you miss a mortgage payment, that means you just had a mortgage default. Seeing as lenders expect you to pay on time and as promised, you get penalised and pay a fee when you miss a payment. The only way to remedy this is to ensure you don’t miss a payment and continue paying…
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5 Practical Tips When Buying a Home on a Single Income
It can be challenging to save up for your dream home if you’re on a single income. But that doesn’t mean that it is not possible. It just requires more of your determination and discipline, which are essential to saving resources. Here are some practical tips that you can use when you’re planning to buy…
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The Advantages of Splitting your Home Loan Between Variable and Fixed
With everyone discussing the inevitable interest rate hikes coming sooner than what’s expected, homeowners are now wondering about what they can do to protect their budgets. While there may be a few options, one that’s worth exploring is a split rate home loan: How Cash Rate Hikes Affect Home Loans If you have a mortgage…
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Choosing Between Fixed-Rate Loan and Variable-Rate Loan
When you take out a home loan, one of the most significant decisions is going with a fixed or variable interest rate. Both interest rates have advantages, but they also have different risks involved with each one. This blog post explains the advantages and disadvantages of fixed and variable interest rates on a home loan. …
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Understanding the Key Differences between Loan Types
Loans are part and parcel of a homeowner’s life. In fact, most people have to take out loans to acquire the house of their dreams. Before that happens, though, one must first know the different loan types available. See them below. Variable Rate Home Loans The interest rate of variable rate home loans goes up…
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Different Reasons to Buy an Apartment as Your First Home.
For first-time home buyers, picking between an apartment or a house can be tricky. While the former may not have as many features, it is often easier on a person’s wallet. That being said, if you still can’t make up your mind, no worries. In this article, we’ll discuss why it is always the better…
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5 Factors to Consider Before Buying a House for the First Time
When you’re ready to start a new chapter of your life as an adult and move into the home of your dreams, there’s no denying that the prospect of shopping for a house for the first time can bring overwhelming excitement. While it’s easy to get caught up in the thrill of buying your home,…
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How Long Does It Take to Refinance: What You Need to Know
Refinancing your home loan can sound like a hassle, but it most certainly can be surprisingly easy. To give you a better idea of the process, we thought it would be useful to put together a brief article discussing how long the entire process will take. For more information on this, read on for a…
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How to Make Sure You’re Prepared for Mortgage Refinancing
Australians flocked to refinancing their home loans in 2020, with around 500,000 people changing their home loans. Australians have taken notice of the record-low interest rates. In the meantime, Aussies have been rushing to modify their loan terms. They’re looking for the best way to lock in a lower interest rate, more flexible loan features,…
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