Residential
Fixed-Rate Loans.
With interest rates at an all-time low, taking the option of locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one. When purchasing a property, borrowers can decide between fixed-interest loans…
Read MoreConstruction Loans
If you are thinking of building your own home, you will need to be familiar with the ins and outs of construction loans. Construction loans are just not as straightforward as simple home loans. There are additional decisions to be made about the structure of the loan, additional documentation is required, and the funding is…
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Why your finance manager is calling you?
Wondering why your finance manager is contacting you six months after you’ve settled on your property? The simple answer is that a finance manager is with you for life. You’ve scored the home of your dreams with the help of your finance manager and you’ve just popped the bubbly to celebrate. Congratulations! When the…
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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…
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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…
Read MoreWhy 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…
Read MoreWhy 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…
Read MoreApplying 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…
Read MoreWhy 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…
Read MoreWho 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…
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