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Archive for the ‘Fast Funding’ Category

Has your mortgage had a check-up lately?

• A quick annual check-up is a great way to keep on top of your home loan and make sure you’re still getting the best value
• Let’s face it, no one wants to shell out more for their mortgage than they need to; that’s why it’s well worth keeping a watchful eye on your home loan.
• It’s easy to get into the routine of paying your fortnightly or monthly repayments. But should your circumstances change, say for example you get married or have a child, you may be paying for features you no longer need or that there’s simply a cheaper loan available.
• If any of the following happens, it may offer the ideal chance to take a home loan health check to see if your loan is still performing at its best:
• Rates rise and fall – Rates go up and down over time so it’s worth keeping an eye on how your repayments are impacted. You might want to consider fixing all or part of your mortgage if rates look like they’re on the rise. A fixed loan guarantees a set interest rate for an agreed term which will protect against rate rises. Alternatively if rates look set to fall, a variable rate might best suit your situation.

Updated products: New loan products hit the market all the time so it’s a good idea to keep an eye out to see if another loan may be better suit your situation.

Your own personal situation may alter over time so it’s worth checking that your mortgage still meets your needs. You may change from a salaried role to self-employment or perhaps you’ve taken a role with a lower salary. You may even be thinking about securing your future financial security through a property investment. Whatever the change to your lifestyle, there’s likely to be a mortgage to fit.

Things to think about your current mortgage:

• Am I managing my repayments? Do I want to pay more or less?
• Am I paying unnecessary fees?
• Do I have other debts I’d like to combine with my home loan? Would this save me money?
• What features might I like to incorporate into my loan?
• Do I want to draw the equity out of my property and purchase an investment?

You’re mortgage doesn’t need to be static. The good news for Australian borrowers is that lenders are evolving all the time, which means there’s not only new products coming on to the market, there’s also a fair amount of competition between lenders for your business. If you feel that your loan my not meet your needs right now, and in the future, give your broker a call to discuss your options

Top tips for mortgage reduction

The secret to financial security is making your money work for you.

Here are some tips to obtain financial security:

• Evaluate – review your current financial position comparing your total income against all outgoings.
• Budget – recording your day-to-day expenses is the key to financial control. By using your cash flow more effectively you can reduce your current commitments.
• Plan – set your future personal and financial goals. This will give you an incentive to succeed.
• Select – choose a loan that offers features and benefits that match your individual lending needs, not just now but into the future. This will assist you to repay your loan sooner.
• Refinance – decide whether your existing financial arrangements still suit your current circumstances. If your current loans and/or credit card debts are not providing you with the desired results and you are paying too much, consider refinancing or consolidating your debts to achieve a financial benefit.
• There is an extensive range of loans from many different lenders available. Finding the right loan may greatly reduce your loan term, interest payments or repayments enabling you to obtain greater financial security.

Fast Funding offers a large range of home loans for residential, investment and commercial properties.

Buying a home – it’s your dream. Turning this dream into a reality is our job as financing professionals.

Fast Funding is all about options – listening to your needs and providing you with the best loan from a variety of lenders to suit your finance needs.

Our finance specialist will assist you in selecting the best loan product for your new property purchase, or to refinance your existing debts and consolidate if need be.

Loan options

Our loan options include:

* Variable and or fixed rates
* Full documents Loans
* Lo doc (If you don’t have financials)
* Equity Tap ( release the equity in your home)
* Offset accounts
* Professional packages
* First home-buyer loans
* Construction and renovations loans
* Refinancing and debt consolidation (see mortgage check up)
* Split loans
* Commercial Loans

Small businesses in the U.S. Are having a really tough time staying afloat. Most could use some fast funding for expansion or improvements but lenders aren’t co-operating. Small businesses frequently get turned down by lenders, leaving them with few options.

Many of these small businesses have turned to merchant cash advances for numerous reasons. Some small businesses have pressing concerns, like repairs that need to be made and merchant cash advances really are fast funding, the money is often available in a week. Other small businesses get tired of being repeatedly turned down by their bank because they are not creditworthy.

Usually merchant cash advances have more to do with how much a business takes in in credit card receivables than personal or business credit since this type of fast funding is really a merchant cash advance provider buying the business’s future credit card sales, taking a percentage of their transactions until the principle and fee is paid off. The amount is simply deducted from the business’s future merchant processing sales although the business may be required to switch to a different merchant account provider approved by the merchant cash advance provider.

Since banks have made things more difficult for small businesses to get traditional business loans, this type of fast funding is really taking off and most business owners haven’t even heard about it yet.