Can You Use a Reverse Mortgage to Pay Off an Existing Home Loan?
An eligible older homeowner may be able to use funds from a reverse mortgage to repay an existing home loan, subject to lender requirements and having sufficient home equity. The…
How Long Can a Deposit Bond Remain Valid?
A deposit bond can remain valid for a period that matches the expected settlement timeframe, subject to the provider’s available bond terms, eligibility requirements and expiry conditions. Some deposit bonds…
What Documents Do You Need to Refinance a Home Loan?
To refinance a home loan, lenders generally require documents that verify your identity, income, expenses, existing debts and current home loan. Depending on your circumstances, this may include payslips, bank…
Can You Refinance After Renovating and Increasing Your Property’s Value
Yes, you may be able to refinance after renovating your property, but completing renovations does not automatically mean a lender will value the property higher or approve additional borrowing. A…
New vs Used Equipment: Does It Make a Difference to Finance
Yes, whether business equipment is new or used can affect how a lender assesses an equipment finance application. Lenders may consider the asset’s age, condition, purchase price, expected useful life,…
How Do Lenders Assess Business Cash Flow for Commercial Finance
Lenders may assess business cash flow to understand whether a business appears able to meet proposed commercial finance repayments alongside its existing commitments. Depending on the lender and finance type,…
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