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Why does your finance manager ask so many questions..
Ever wondered why mortgage finance managers have to ask you so many questions about your financial circumstances? It’s to ensure that fraudulent applications don’t slip through the cracks and that your loan suits your needs now and your plans for the future. Finance managers can face claims against them if they submit inaccurate documentation, regardless…
Why you need to know your interest rates…
Interest rates are a big factor in each repayment and the total cost over the life of a loan, so staying on top of your current rate as well as the interest trends across the market is essential. By staying on top of interest rates, borrowers can make informed decisions about choosing a first-time home…
Why would I use a FinanceCorp Finance Manager?
Because they can save you time and money. As the home loan market becomes increasingly complex, more people are turning to FinanceCorp Finance Managers. Here are some of the reasons. Finance manager’s can save time The choices now available in the mortgage market can seem limitless and completely overwhelming. You can choose to research the…
Why property investors need savings
Urgent maintenance is an unavoidable aspect of being a landlord, so having a cash buffer set aside will help you deal with any unexpected problems. When renting out an investment property, having access to extra cash is vital for two reasons: to cover the costs of maintaining the property, giving it the best chance of…
Applying for a loan? Don’t just pay off the credit cards
It seems like a no brainer, right? You are buying a home, so you’ll pay off your credit cards to reduce your debt but keep them active so you can buy some furniture or deal with emergencies even when you have a mortgage to pay. Wrong. It’s obvious that a lender will consider your credit…
Why does my finance manager ask for so much documentation?
No one likes paperwork; however, providing your broke with the right documentation will save you time and money. What information will your finance manager ask you to provide? When you ask to enlist the services of a finance manager, they will probably ask you for the following documentation: Identification, including photo ID such as driver…
Who are the different parties involved in purchasing property?
Purchasing a property is a thrilling yet nerve-wracking experience, which is why it can be handy to surround yourself with a network of support and expertise. Here are the different parties who may be involved in your home-buying process and how you can use this valuable knowledge base to answer your questions. Real estate agent…
Where there’s a will, a Finance Manager can find a way
There are many paths to successfully financing a property purchase. Recently, an MFAA-accredited finance manager helped a young couple, who had nearly given up hope, realise their dream. If at first you don’t succeed, ask more questions. That’s the motto of FinanceCorp finance managers , who doesn’t let a history of refusals stand in the…
When Would I Refinance My Mortgage?
Whenever it makes financial sense to do so. Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia now is just 4-5 years….
When was your last home loan health check?
Circumstances can change, leaving your home loan less suitable than it was originally. A home loan health check can reveal if you’re paying too much. What’s involved? Your finance manager can do a full home loan health check for you either in person or over the phone. They will check if your loan is still…