Buying a home is always personal and emotional decision, we help you finance your dream you can call home for generations to come.
With a number of choices, we give you a flexibility to choose a place that lets you be you.
Mortgage is a secured loan with a property or asset attached as a collateral.
Obtaining a mortgage can be intricate as lending out money is an uncertain business for banks. They want to make sure that they will be paid back. If you’ve been rejected for a mortgage before, it can be even more hard to acquire one.
Through an application and underwriting process, mortgage lenders will require to validate anticipated borrowers. Home loans are only given to those who have adequate assets and income relative to their debts to practically carry the value of a home over time. When making the decision to extend a mortgage, a person’s credit score is also assessed. The interest rate on the mortgage also varies, with riskier borrowers receiving higher interest rates.
The Centennial Group works on preparing you to get a mortgage loan on the best possible interest rates through our extensive experience and the study of approval processes. We work on your file to make it credit-worthy for lender wherever possible based on the knows trade techniques.
Lease Rental Discounting, commonly referred as LRD is a term-loan offered against the income producing properties/assets of an individual or a business. With an understanding that the rents are paid on regular basis, they are considered as incoming payments to the owner hence implying the credit-worthiness to the bank or lending party.
Hence, banks deduct time value of money from these payments and pay the balance to the lessor if lease rental discounting is availed.
This means that a rental which is due just next month will have to take a relatively small loss in value as compared to rentals which are far off in the future. Standard concepts related to time value of money apply to such calculations.
We offer Lease Rental Discounting (LRD) to property/asset holders who have leased their owned premises to receive rent. The LRD eligibility is usually calculated on the basis of the discounted rental cash flows of the property, and its current market value.
