In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Arrears
Home loan arrears occur when you miss or fall behind on your mortgage repayments.
This can lead to late fees, increased interest and the lender potentially foreclosing your home if the late or missed payments are not rectified by a given time.
Any arrears can also cause a negative impact on your credit report and lower your score which means it can be harder to obtain credit in the future.
If you are struggling to make repayments on time it is important to reach out to your lender to explain why you have missed or late payments to discuss potential solutions, including hardship programs, amended payment plans or changes to your loan.
Payment in arrears is the practice of compensating a service provider after the contract's obligations have been met. Arrears accounting denotes that payment will be made at the conclusion of a period rather than in advance.
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