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
An arrear is a missed or late payments on credit facilities. Home loan arrears are serious and needs to be taken care of immediately or the bank can take back your home and sell it. Home loan arrears can be cause by:
- missed a mortgage payment
- making a late home loan repayment
- having multiple overdue payments
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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