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Finance, Tables Turning In Favour Of Builders Instead Of Banks!
by Harry Pontikis
"Now is the perfect time to review your current financial arrangements with your lender and ask them to match the best loans available to you in the market" says Harry Pontikis, Head of Master Builders Financial Services and Director of Chocolate Home Loans.
The slowdown of the mortgage market has worked to make some banks review their lending policies to make them more reasonable for builders and the building industry. The same situation has caused other banks to tighten their lending policies to the point of being unreasonable with their requests. 'Sanity checking' your debt structure before starting every major project, or at least ensuring that your current lender is the one providing the most competitive terms can save you thousands in unnecessary fees and charges. Being aware of alternatives which are available to builders to fund projects can also make the difference between a good profit margin in a project, compared to a lucrative margin; Alternatives like using Line of Credit facilities, which are priced at home loan rates, compared to Commercial Overdrafts, which have double the interest rates plus prohibitive fees and charges. Understanding when you are eligible to use the various loan facilities is one of the most sought after and beneficial services Master Builders offers its members and is offered free of charge.
Master Builders runs workshops in Victoria called 'Building Your Business' which teaches business people the alternatives available to structure personal and business debt in the most profitable method – not to be structured in the way the bank would prefer.
Please contact Master Builders Financial Services for an obligation free chat to see how they can help you by placing your enquiry through this website.
About the Author: Harry Pontikis is the Director of Chocolate Homeloans and has a lifetime of experience in delighting people with his honesty, integrity and professionalism. Harry leads a team of 48 experienced finance brokers who specialise in helping people realise their dreams through the purchase of their first home or investment properties. www.chocolatefinance.com.au
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The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!
"Now is the perfect time to review your current financial arrangements with your lender and ask them to match the best loans available to you in the market" says Harry Pontikis, Head of Master Builders Financial Services and Director of Chocolate Home Loans.
The slowdown of the mortgage market has worked to make some banks review their lending policies to make them more reasonable for builders and the building industry. The same situation has caused other banks to tighten their lending policies to the point of being unreasonable with their requests. 'Sanity checking' your debt structure before starting every major project, or at least ensuring that your current lender is the one providing the most competitive terms can save you thousands in unnecessary fees and charges. Being aware of alternatives which are available to builders to fund projects can also make the difference between a good profit margin in a project, compared to a lucrative margin; Alternatives like using Line of Credit facilities, which are priced at home loan rates, compared to Commercial Overdrafts, which have double the interest rates plus prohibitive fees and charges. Understanding when you are eligible to use the various loan facilities is one of the most sought after and beneficial services Master Builders offers its members and is offered free of charge.
Master Builders runs workshops in Victoria called 'Building Your Business' which teaches business people the alternatives available to structure personal and business debt in the most profitable method – not to be structured in the way the bank would prefer.
Please contact Master Builders Financial Services for an obligation free chat to see how they can help you by placing your enquiry through this website.
About the Author: Harry Pontikis is the Director of Chocolate Homeloans and has a lifetime of experience in delighting people with his honesty, integrity and professionalism. Harry leads a team of 48 experienced finance brokers who specialise in helping people realise their dreams through the purchase of their first home or investment properties. www.chocolatefinance.com.au
These articles on lifestyle and more
Copyright Chocolate Homeloans 2005. This article may be re-used proving it stays full intact. finance
Return to the selection of finance
You may want to try these articles on finance
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Finance, How To Analyze A Home Owner Insurance Quote Comparison by Elizabeth Newberry Approximately 367 Words
Finance, How To Get A Low Rate Home Owner Insurance Price Quote by Elizabeth Newberry Approximately 358 Words
Finance, What Is Cheap Car Insurance In Salt Lake City by Elizabeth Newberry Approximately 361 Words
Finance, How To Get Cheap Portland Car Insurance by Elizabeth Newberry Approximately 335 Words
Finance, Debt & Marriage: How To Eliminate One & Save The Other by Alex Daniels Approximately 540 Words
Finance, Removing Negative Items From Credit File by Debbie Dragon Approximately 560 Words
Finance, Garbage In, Garbage Out by Ben Franklin Approximately 566 Words
You may want to try these websites for additional information
http://www.businessfinancemag.com/
http://www.internetnews.com/
http://www.dod.mil/dfas/
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!
