MORTGAGE BROKER BLOG

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…

What Types of Debt Can Be Combined Through Debt Consolidation

Debt consolidation may allow eligible borrowers to combine certain debts, such as credit card balances, personal loans and some other consumer debts, into one loan or credit facility. The debts…

What’s the Difference Between Financing a New Car and a Used Car

Financing a new car and financing a used car can involve different lending criteria, interest rates, loan terms and vehicle requirements. Lenders may consider a used car’s age, condition, kilometres…

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