AusFinance Blog

Mortgage-Broker-Pitfalls

There are many benefits to hiring a mortgage broker – including clinching the best available mortgage deals in the market. This seems like a great situation for a borrower but there are still facts about mortgage brokers that one should know about before hiring one. What follows in this piece of professional advice will not only help you understand the workings of mortgage brokers but also will make you aware of the possible pitfalls while

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Non-performing Loan

A loan will be considered a nonperforming loan when the borrower is unable to settle payments of the required principal and interest amount as per the financial agreement. Generally this happens when the loan payment is past due by 90 days or more but may depend upon earlier agreement made to give a window for settlement. NPL loans can have a significant impact on your credit score and may cause you problems when you apply

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Home buying Benefits

Everybody experiences some sort of dilemma about whether they should be buying or renting their home. This choice to either buy or rent their house is determined by people’s personal preferences, lifestyle, family structure and financial position. If you are financially settled and can afford buying a house for you and your family, then buying a home can be a smart move for you. Some benefits of buying a house include: Long Term Benefits Over

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