How to maintain a good credit score?

There are many hurdles which can make you stop in acquiring a loan and that can be a multiple reason. One such is your bad credit score but if a person maintains a good credit score then that makes him eligible for applying for a loan and there will be surety that your loan will get approved from the banking institutes.

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If a person needs to get his loan sanctioned then it is imperative to have a good credit rating because on the basis of that you will get the loan. There are two tips on how you can manage your scores which will be profitable for a person in the long run and these are as follows:

  • Pay your credit dues on time- There are many people who skip the date of payment for the dues and they keep on doing this for several months. As a consequence, they have to pay the interest as well as the late payment fine which can be a big figure because you have avoided the payment for a long. It has negative effects on your credit report which will make you deprived from enjoying the loan benefits.
  • Maximize your payment- Even if you have to pay a certain amount but always try to make a payment more than the required one as it will be beneficial for you if you finish all the dues within a least possible time. This will make you the ideal person who are truly eligible for the loan approval. This will help the lending firms to know that you are fully capable of repaying the borrowed money on time.

The above two points are the key to getting your loan sanctioned. If you qualify these two points then nothing can halt you in getting a loan.

If you are looking for the service that can offer you the best housing loan in Singapore then EQUITY SOLUTION is the ultimate option which will provide the best deal. Call us today for further assistance!

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What can halt the process of loan sanctioning?

Everyone has a desire to buy their own house in one of the poshest locations that are ideal in all the aspects of living environment to the residents. But it is not so simple as purchasing involves a lot of difficulties. Firstly, you have to arrange a lot of cash and it is quite obvious that you don’t have such a large amount. So, you must seek the help of a banking institute who can aid in the financing section.

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One of the toughest parts is getting your loan approved from the bank department as they first judge your repaying capabilities then if you fulfil that criteria very well then, no bar can stop you in getting your loan sanctioned. But what if you don’t qualify the eligibility criteria and as a consequence, your application gets rejected? What will be the reason behind this disapproval?

The topmost cause would be your bad credit score that is becoming the biggest obstruction in your way. A person with a bad credit history will always get deprived of the loan approval as their past record of bill payments putting a black spot on their credit reports.

If you are having a court judgement in addition because of your long payment dues then it will work totally against you as these judgements will remain for several years if a proper step has not been taken to remove it on time. This makes the person on the list of the defaulters who are not liable to any kind of the loan facilities. But a person with a good credit rating is liable to enjoy the benefits related to the loan.

EQUITY SOLUTION offers the best housing loan in Singapore. If you are planning to buy a home and looking for the reliable lending service then you must contact us.

Looking for a Mortgage Broker – Check Out These Factors

Are you planning to hire a mortgage broker for getting best housing loan? If yes, not to worry. When you will search for mortgage brokers on the internet, you will find a myriad of websites. But the big question is can you find a right one just by scanning their websites? Obviously not. For this, you have to conduct some research and consider few parameters that will help you in choosing the right one.

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Check for the parameters such as experience, knowledge of latest trends and communication skills.

Experience: the profession of a home mortgage broker is not easy. Sometimes, they have to face extremely difficult situations. Therefore, the broker you have chosen must be experienced and professional. He should have up-to-date knowledge of the tactics and techniques to get you a good deal.

Latest-Trends: the person you are hiring must be aware of the latest trends in the home loan industry. He should know what trends are prevailing in the market. Based on the current trends, he should be capable of giving you the best advice.

Good communication skills: if the broker has excellent communication skills, then this home loan process is much easier. With good communication skills, a mortgage broker can clearly communicate with the customers as well as lenders. Nowadays, the broker uses different mediums such as emails, text etc. to communicate with the clients as well as lenders.

So, these are few factors you should consider while looking for a mortgage broker. In addition to these parameters, you can also consider factors like broker fee, working hours etc. A good mortgage broker can help you in getting best housing loan and that too at favorable interest rate. So, don’t hurry up! Research properly to find a right one. Hope this article will help you. Best of Luck.

Unbiased Advisory for Selecting Best Mortgage Loan Options

Having a home for you and your family doesn’t have to be difficult. There are easy ways to get your dream comes true. The home loans make the process of buying a new home filled with ease and convenience. Home loans make it easier to have a new home more affordable than ever.

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There are various types of mortgage loans. As a homebuyer, you need to decide which home mortgage loan is right for you. Choosing the right mortgage loan type is quite important. Some common and popular types of mortgage loans are:

  • Fixed rate mortgages
  • Adjustable rate mortgages
  • Balloon mortgages
  • Home equity line of credit
  • The interest-only mortgage

Usually, mortgage loans are served for 15 years to 30 years period. The property purchased is used as the collateral or security to obtain debt. The interest is charged depending on the type of mortgage loan is selected and the duration. To become eligible for mortgage loans the person needs to qualify for the loan with good credit score. The monthly income and the down payment made are also important factors considered while lending mortgage loans.

Buying a new home can be easier and affordable when acorrect mortgage loan is selected. Well, this needs in-depth research. You need to find out the Singapore best mortgage loan providers. Again, you need to submit important documents. In order to make the process safe and smooth, it is vital to seek professional advice.

Before you start with the process of buying a new home, it is worth to get professional words. Consider consulting the team of highly experienced finance professionals. They will serve you with accurate decisions about the mortgage. They can design the best home loan solution for you. Rather, they are the people who provide comprehensive advisory on the entire property purchase journey. Most importantly, they will furnish you with quality advice about best home loan Singapore.

The finance professional consultants help you plan the budget based on your affordability. They also calculate the minimum cash outlay required, the total cost of stamp duty, etc. They are the best consultants to secure your option to purchase.

Everyone wishes to own a home at some or later time in their lives. With best home loan facilities it is easier to make the dream comes true. The best home loans serve the great financial base for purchasing a new home for you and your beloved family. Seek unbiased advisory from the experienced mortgage consultants to have hassle-free, easy and affordable mortgage loans.

Get the best mortgaging deal for your asset:

Are you planning to mortgage your land or any other property? But not getting the amount which you are expecting to it. There are times when you are in need of a cash but the lender is not offering you the good deal for your property and you are only left with the option of mortgaging it in a loss.

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It’s a well-known fact that you are doing this only for some purpose which can be:

  • Starting a business.
  • Wedding preparation.
  • Funding of medical treatments.
  • For higher studies of the children.

Obviously, you need a good amount of your property worth but in the real estate market, people are only concern of their profit and only willing to pay less than what you have expected. So, it’s better not to seek the help of local agents who will take commission from you and will not avail the best deal from the lenders.

It’s a high time that you opt for the banking service which will give the actual worth of your property at an affordable rate of interest. EQUITY SOLUTION provides the best mortgage rates in Singapore and avails the list of banks with the rate of interest they are charging for. This is beneficial for comparative analysis and will make you choose the bank that meets your requirements. You don’t ned to wander here and there as we will make your job simpler by making you aware of the interest rates trending in the banking sector so that you don’t get betrayed by the hands of the local lenders.

When you get your ideal bank, you can soon contact them and they will check your income, past credit records because from that they will make sure that whether you are able to repay the loan in time or not. If your application gets approved, then you have to do a lot of documentation for the loan process.

If you really want the actual worth for your asset, then definitely give us a call. We will list the top bank services that suit your demand.

 

How to Choose the Best Housing Loan Scheme?

Buying a property is one of the most important decision an individual makes in one’s life, and most people look for home loans to purchase. One should look after all the terms and the agreement details before applying for a loan. As a prospective home loan buyer, you need to understand the terms and conditions and avoid making mistakes while taking a home loan.

You can find the best home loan deals in Singapore as it focuses on satisfying the client by understanding the need and requirement. Singapore offers best housing loan by providing the complete detail about the interest rates, processing fees, pre-payment charges, legal fees and the hidden charges also.

Housing loan Singapore provides unwavering dedication to customer service and offering innovative mortgage solutions to the customers. If you are willing to buy a property, then you should know about the best home loan Singapore firm’s that offers unique financial situations and goals and helps you to choose the best housing loan scheme.

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Choosing the best loan type can have a big impact on your overall costs. Singapore’s best housing loan entity specialises in offering the best mortgage rates, property loans, home equity and much more and the goal is to find the best possible loan deal for an individual.

If you are planning for a home loan refinance in Singapore then you can get the best deals out for it by providing ample of choices to the customers and embrace effective refinance mortgage loan solution Singapore.

One should clearly understand the terms and various clauses in the contract before signing the application for home loan and look for advice from the Singapore best home loan consultancies as they have a tie-up with many banks and provide you with the best loan offer with fewer interest rates which can be suitable for your pocket and also decrease the cost of overall home loan.

As a home loan borrower, you can fall in a trap if you don’t understand the clauses and guidelines of banks clearly and then buy the property of your choice.

Get your dream home financed by the top banks:

Everyone has a desire to buy a home located in one of the most lavish location but due to lack of cash, they aren’t able to make it. It’s a painful task to wander around in search of the bank that will sanction your loan and will make way for your dream to have your own home. But loan sanctioning procedure is very complex and a lot of documentation is required. If you are lucky then it will get approved in no time otherwise it takes a lot of time.

Don’t worry, EQUITY SOLUTION is there to help you out in this situation which helps in finding the best home loan in Singapore. If you have searched for the right property and wants to get it registered on your name, then get in touch with us.

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Some people get trapped in the tempting deals but better beware from those people who claim to offer the best loan package as it involves paying loan with the high rate of interest that will only cause the loss in the long run. So, you must always hold an idea in your mind that what is the present rate of interest banks are charging on home loans.

What points to consider before applying for a home loan?

  • Good research on the various banks.
  • Learn what is floating or fixed rates.
  • Understand foreclosure norms.
  • CIBIL score.
  • Compare processing fees.
  • Read the loan agreement carefully before signing it.
  • Parking your additional funds.

We are dedicated to helping you the best financial service in town that will not charge high rate of interest. We firstly analyse all the bank’s rate of interest and after that on the basis of clients’ requirement, we will provide them with their desired bank. We will give you extensive advice on your entire tourney of the purchasing of your home. You will always receive the best tips from our financial experts. We don’t want people to get betrayed by the local agents who will take a commission as well as not provide the ideal loan service to the customers.

Contact today and turn your dream into a reality!