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The Essential Guide for obtaining 95% Loan to Value Ratio Mortgage Loans

The Australian finance industry is experiencing reemergence of 95% LVR mortgage loans with tighter lending conditions. 95% LVR mortgage loans mean that you can borrow up to 95 % of the market value of the security property.

Lenders/Credit Providers carefully judge you for the Loan

If you are considering applying for a 95% LVR mortgage loan, it is extremely important that you put forward an impeccable loan application to the lenders/credit providers. There are a number of common reasons that can reject your loan application, such as:

>> Having numerous credit checks performed on borrower’s credit files
>> Having defaults registered against their name
>> Having high credit card debts or personal loan debts, etc.
>> Having recently changed jobs and still being on probation, or
>> Having recently changed industries

Useful Tips to Help You with Your 95% LVR Home Loan Application

Deciding to purchase a property and then trying to apply for a 95% LVR home loan will be one of the most difficult and most costly financial decisions you will make in your life. You will need to carefully consider a number of factors, such as:

>> Are you looking to buy a house, villa, unit or vacant land?
>> What area are you considering for purchasing your property?
>> What amount are you willing to pay for the property?
>> Do you have enough funds available to cover stamp duty, legal fees and other related costs (e.g. removal costs)?
>> Will the property give you a good capital gain over time?
>> Is there suitable infrastructure nearby (e.g. schools, transport, shops, etc.)?

You will also need to consider a number of additional factors, such as:

>> A minimum of 5% of the purchase price of the property in Genuine Savings (i.e. not a Gift from a family member), but a genuine demonstration of your ability to save.

>> Keep all your monthly payments up to date (e.g. your mobile phone bill, electricity bill, car payments and credit cards)

>> You need to be aware that Lenders Mortgage Insurance (LMI) premiums will increase if you borrow more than 90% of the market value of the property

>> Some lenders will allow you to capitalise up to 2% of the market value of the property for Lenders Mortgage Insurance (LMI) and which they will add to the loan amount

Obtaining the right home loan package is a time-consuming process. So, it is always advisable to employ the services of a finance expert. He/she will help you in calculating your borrowing limit, interest rate and monthly repayment amount. You can contact a reputed finance brokerage firm and take help of its home loan experts. Make sure that the firm is aware of the standard requirements for obtaining 95% LVR mortgage loan.

So, next time you apply for a home loan package, follow the tips and suggestions mentioned in this finance guide. It will make 95% LVR home loans a reality for you.

If you are looking for a mortgage loan expert, your search ends here. Contact Singh Finance. Its team of professionally qualified finance brokers will help you in obtaining easy approval on 95% LVR mortgage loans. Enquire online now and enjoy low rate residential finance today.

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Key Challenges in Developing eCommerce Mobile Application

An eCommerce app development company has to consider multiple aspects, from the latest market trends and technologies to customer expectations and app security, to develop a flawless eCommerce mobile app that performs seam­lessly for its customers.

Here are the top challenges involved in developing eCommerce mobile apps.

Choosing the Right Technology

If you plan to launch your eCommerce app, it is crucial to select the ideal platform – whether you want to go with Android, iOS or choose to invest in a cross-platform app. Developers should identify the target audience before deciding on the operating system for their eCommerce app. The right technology can be selected based on several parameters such as the features to be included, target audience, flexibility, app security, etc.

Creating Marketing Strategy

Many businesses do not have a full grasp of who their target audience is or how to address their specific needs. If you have little to no idea about who you are selling your products or services to, there is a high chance your business won’t be successful.

A thoughtful, well-planned marketing strategy makes all the difference in the success or failure of your eCommerce business. Creating a planned marketing strategy help you showcase your products or services to the right set of audience strategically. You can leverage several useful tools and methodologies for executing your eCommerce sales efficiently.

Adding the Right Features

In order to remain competitive in the market and attract more and more people to the application, business owners need to define and add all the necessary and relevant features within the app to give their users a seamless stay on the app. Any wrong or irrelevant feature in your application can result in your business’ wrong understanding or impression in your customer’s mind. Apart from focusing on the regular features such as shopping cart, search bar, menu bar, it is important to keep the navigation simple and UI intuitive enough to engage the users for long.

App Security

The success of an eCommerce app hinges on customer loyalty and reliability. As your application gets involved in carrying and transferring sensitive information, it is crucial to provide secure online transactions in order to protect the customer’s confidential data. Even a single successful attempt in breaching the customer’s data can lead to a steep decline in reputation, customer base and result in huge business losses. With a continuous rise in cybercrime instances and an increased risk of malware activities, focusing on your app’s security is of utmost importance.

Payment Gateway Integration

A payment gateway is a technology through which the customer and the merchant connect effortlessly with the payment networks. As the technology evolved with time and became more advanced now, customers have a wide range of payment options available to choose from. But like any other technology, payment gateway integration has its share of challenges too, such as card data security, cross-border transactions, multi-currency and regional challenges, and increasing customer expectations. It is recommended to choose your payment options wisely, considering both the convenience and security of your customers.

Most businesses are currently investing in cross-platform app development by partnering with Flutter or React Native app development service providers to target users distributed among both iOS and Android platforms. If you are planning to develop an eCommerce mobile app for your business, make sure to hire experienced app developers from a renowned, well-reputed company that can effectively overcome all the major eCommerce app development challenges and hand you the best eCommerce app for your business.

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Art of Negotiation, an Art or a Way of Life

The Art of Negotiation is a valuable tool in the right hands and mindset, there are noteworthy things to always keep in mind when negotiating as they will come in handy in future negotiation situations. The first thing that you should always keep in mind that its all about you, one of the things about the art of negotiation is getting that something you want no matter what.

The second thing about the art of negotiation is finding out what kind of options are available to you, it’s important that you know what those options are because most times its what makes the difference between getting what you want or forcing yourself to settle. In the art of negotiation, thinking about your end goal is very important because working toward that end goal is what determines a good negotiation and a bad one.

One of the other things that makes the art of negotiation a very valuable skill is studying up on whatever it is you’re after or the company that has the object of your desire, the reason behind doing this is so you know what you’re dealing with when you’re face to face with that company or organization; and remember, what a place or organization shows you on the outside is a reflection of how they care about their business on the inside. In the art of negotiation, you don’t want to take too much or be too greedy because there’s a fine line between genius and madness which a person can easily cross if they forget that the people that they’re dealing with are people too and should be treated as such.

A critical aspect in the art of negotiation is to illustrate patience, in so doing, you’ll be able to counter anything that’s being fed to you; take the time and think things through then make a counter offer that suggests that you had time to think about the offer or deal at hand. In conclusion, in the art of negotiation, it’s important to stay focused on the end goal, be patient and remember that the deal at hand is about you getting what you want and not what someone is trying to shove down your throat.

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