Wednesday, May 4, 2011

Heavy Equipment Mortgages

Sometimes referred to as a “goods mortgage”, this product is simply a mortgage over capital equipment where the financier gives the lessee “cash” to purchase a tangible asset, which becomes the subject of the mortgage. A fixed charge over the asset is registered on the ASIC report of the borrowing entity/company, which has to be paid out in full and removed by the lender prior to future sale of the asset.

Related : online for sale best sport goods store buy tools sale Shelf Brackets Mini Blinds Vinyl Eureka Vacuum Parts

No comments:

Post a Comment