MORTGAGE BROKER BLOG

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,…

Can Variations to Your Building Contract Affect Your Construction Loan

Yes, variations to a building contract can affect a construction loan because they may change the total project cost, loan requirements or funds needed from the borrower. Lenders generally approve…

What Are Genuine Savings and Why Do Some Home Loan Lenders Require Them

Genuine savings generally refers to money that a home loan applicant has saved or held over a period of time and can demonstrate through financial records. Some lenders may require…

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