Transactional Funding Miami

Transactional Funding Miami Gardens

Transactional Funding Near Me

 

Generally it is difficult for investors and wholesellers to get short-term loans quickly. This can be critical if a great potential deal is on the short term horizon. A lot of these short term loans are with unscrupolous lenders with super high interest rates and bad terms. Potentially, a transaction funding is a better choice in most cases for financing real estate transactions and other investment opportunities. Let us take an educated look at this as an option.

What is Transactional Funding

Transactional Funding is also known as "same day funing" or "flash funding". This is a specialized financial procedure which investors get very short term loans to complete transactions. These short term loans are paid back extremely quickly. In most cases these loans are paid back within a day or week time frame. The loans are paid back with profits from purchase of the property. These alternative forms of financing, investors and wholesellers are used to buy and sell high profit properties without risking their own savings.

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Non-banks explain higher interest rate hikes

The official cash rate went up for a fifth time in September, invoking a flurry of interest rate hikes as lenders pass on the increased cost to borrowers.

But while most have matched the Reserve Bank’s 0.50% hike, interest rates on Firstmac home loan products increased by 0.60%, while AFG Home Loans increased interest rates in July, August and September, with increases ranging from 0.50% and 0.62%.

Headquartered in Brisbane, family-owned non-bank lender Firstmac has increased variable home loan rates by 0.60%, effective for new and existing customers from September 9.

Non-banks explain higher interest rate hikes

The official cash rate went up for a fifth time in September, invoking a flurry of interest rate hikes as lenders pass on the increased cost to borrowers.

But while most have matched the Reserve Bank’s 0.50% hike, interest rates on Firstmac home loan products increased by 0.60%, while AFG Home Loans increased interest rates in July, August and September, with increases ranging from 0.50% and 0.62%.

Headquartered in Brisbane, family-owned non-bank lender Firstmac has increased variable home loan rates by 0.60%, effective for new and existing customers from September 9.

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