What are the Common Residential Finance Questions of Australian Home Buyers?

No matter you live in Sydney or Melbourne, a home is a basic requirement and a necessity for life. Sadly, no necessity is available free of cost. If you want to buy a home, you need a home loan. Don’t think applying for residential financing is difficult. It’s simple when you read this article. It includes answer to the most common questions asked by Australian home buyers.

1 – What Type of Residential Finance is available to you?

Today there are several types of loans in the field of residential finance.

• Owner Occupied Residential Purchase
• Residential Investment Purchase
• First-Time Home Buyer
• Renovations, Extensions and Construction Purposes
• Refinance of your Existing Loan
• Debt Consolidation of your Existing Home Loan Debts
• Home-Equity/Cash Out purpose
• Restructure your Home Loans with Current Lenders/Credit Providers

2 – What are Features of Residential Finance?

Each lender/credit provider offers different interest rates and finance/loan conditions. Residential Finance packages often incorporate many of the following options and features for you to consider:

• Variable or Fixed Rate Loans
• Interest Only or Principal & Interest Loans
• Combination (Split Loans)
• Line of Credit
• Offset Account
• Impaired Credit History
• Redraw Option and Access Availability
• Non-Conforming Loans

3 – What is Home Equity/Cash Out? How can it benefit you?

A Home Equity/Cash Out can unlock relatively large amounts of money for borrowers who want to borrow against the value of their home or property. More and more Australian consumers are finding this type of finance arrangement to be very attractive. Such loan programs are very easy to qualify.

The concept of how Home Equity/Cash Out works for you is best explained by the following illustration. The illustration also assumes that you have an existing residential finance loan on your home or property:

The value of your home or property is valued at: $800,000
Less Your current home loan balance owing: $350,000
Your home equity amount is: $450,000

From the example illustrated above you can clearly see that you have $450,000 equity in your home or property, which you can use to:

• Buy your second or third investment property
• Invest in shares or managed funds
• Renovate, remodel, or otherwise improve your existing home and property
• Purchase vacant land and construct a new home on the vacant land

4 – Why Pre-Approval is better in Residential Finance?

With a pre-approval, you will have the peace of mind knowing that:

• You have a clear picture of what your borrowing limits are
• Your finance request has already been pre-approved and you will know the conditions of your pre-approval
• You have the upper hand when negotiating the sale price with the vendor, real estate agents, etc.

5 – How to get Lower Rates on Residential Finance?

Getting lower rates on home loans is very simple. Take help of the internet. There are many online companies that provide residential finance opportunities. Because of heightened competition in the Australian financing market, lower interest rates are offered. Also, web companies offer faster approval because of their online nature of business.

So, these are the questions that often trouble other Aussie buyers. But, now that you have answers to them, finding an affordable Residential Financing will be easy for you.

All the Best!

Singh Finance helps you get cheap residential finance packages. You can get quick finance for home loans as well as get affordable loan protection insurance. Contact the firm today.

Explore iTours enhanced features for excellent Travel Business Management

iTours is the all in one Tour Operator software which with its unique features always satisfies the challanging demands of travel industry. As we know the demands are endless as technology is growing fast and thus it poses new challenges on the Travel Industry everyday. So iTours team always works on adding or enhancing features in the system so it can easily meet current demands. We are glad to announce the new development of very essential features in “iTours”- The all in one Travel Agency Software for excellent travel business management. As we have worked as an IT consultant for many years for travel industry, we got a clear picture of the features that needs to be enhanced or added in any tour operator software to make it a complete solution for travel companies.

Following are the features that we have recently added and updated in the system.

1. Taxation & Business Rule Automation
Tour Operators can set their taxation rules one time for different types of services with sales purchase. The tax will auto calculate according to the business rule. So it will help to reduce the chances of errors while selecting wrong tax type & percentage. Here client can set their taxation, services charges, mark-up rules, etc.

2. B2B Portal(Supplier Management)
This is most important feature to target agent base services. This feature is mostly used by DMC and major travel agents who are associated with multiple travel agents.

3. Accounting & MIS Enhancement
Every travel company needs accounting & reporting solution. We’ve implemented a system in such a way, where more than 90% of accounting work is automated. The receipt, invoicing, billing, balance sheet, P&L, trial balance, day book reports, etc. gets automated.

4. PNR Invoicing
The flight booking mass saleing travel agent were facing the challenges to feed the data both on online portal and in iTours system twice. Now we provide the solution where travel owner just need to import the Air file of GDS (Amadious/Gallilio) quickly and make the invoice.

5. Payment Gateway Integration
Payment gateway integration is a must have feature in travel agency software nowadays. iTours both B2C & B2B system are entirely compatible with payment gateway solution.

6. Group & Per Person Costing
All travel agents need to work with Per Person and Group costing quotation. So we provide the solution where the per person & group cost will get auto calculate according to the tariff.

7. B2C Travel Website Design Solution
This features covers B2C travel website design solution. We’ve come up with multiple ready website themes with ultimate CMS features where tour operator does not need to have any technical knowledge & need not to worry about website changes. It is very handy with payment gateway integrated solution.

8. Video Itinerary
iTours has come up with new feature i.e. destination wise tour itinerary. When customer receives the quotation, it includes the YouTube link to particular destination. The video itinerary covers the information like destination top itinerary, population, favorite foods, tour category, things to do, etc. So traveller gets complete knowledge about the destination before even actually visiting that location.

iTours team always strives to add something new in the system to make it stand out of the crowd and to satisfy travel business challenging requirements. We are always happy to serve you in a best possible way and would like to contribute to travel business success with iTours advanced Travel Management Software.

Textile Fibres

CLASSIFICATION OF TEXTILE FIBERS

Fibers are classified by their chemical origin, falling into two groups or families: natural fibers and manufactured fibers. Manufactured fibers are also referred to as man made or synthetic fibers. The classification system used in the United States is dictated by the Textile Fiber Products Identification Act (TFPIA). Figure 1 gives a breakdown of textile fibers by these groupings, and the Appendix compares the properties of some of the most commonly used fibers.

2.1 Natural Fibers
Natural fibers are those that occur in fiber form in nature. Traditionally, natural fiber sources are broken down into animal, plant, or mineral. Fibers from plant or vegetable sources are more properly referred to as cellulose-based and can be further classified by plant source. They may be separated from the plant stalk, stem, leaf, or seed. Fibers from animal sources are more properly known as protein-based fibers. They are harvested from an animal or removed from a cocoon or web. Mineral fibers are those that are mined from the earth. Except for silk, all natural cellulose- and protein-based fibers are obtained in short lengths and are called staple fibers. Silk is a continuous filament fiber.

A class name for various genera of fibers (including filaments) of:
(1) animal (i.e.,silk fiber, wool fiber)
(2) mineral (i.e., asbestos fiber) or
(3) vegetable origin (i.e., cotton. flex, jute and ramie fiber).

2.2 Man made Fibers
Man made fibers, such as nylon, polyester, and rayon, are produced by chemical reactions controlled by people, rather than occurring naturally. The term synthetic fibers is often used to designate man made fibers; however, to many people, this term has a negative connotation, meaning inauthentic, artificial, or fake. TFPIA classifies man made or manufactured fibers by generic names. Currently, TFPIAN recognizes 26 generic groups of manmade fibers.

(1) Polymers synthesized from chemical compounds, e.g., polyethylene fiber, polyurethane fiber, and polyvinyl fibers;
(2) Modified or transformed natural polymers, e.g., alginic and cellulose-based fibers such as rayons fiber; and
(3) Minerals, e.g., glasses. The term manufactured usually refers to all chemically produced fibers to distinguish them from the truly natural fibers such as cotton, wool, silk, flax, etc.e.g: glass fiber