First Mortgage
We can offer fast solution based funding for residential, commercial, rural or specialised property.
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ABOUT SECOND MORTGAGE
A second mortgage is a loan on a property that already has an existing mortgage. Our application process is simple and easy. We are able to structure second mortgages to help borrowers by offering competitive rates.
If you need a second mortgage under urgent circumstances, we can help. Please let us know the timelines you’re working with and we will respond quickly and efficiently to support you.
We can help you understand your situation and talk with you to create a strategy that benefits your individual situation and financial goals.
KEY FACTS
- A second mortgage is a loan secured on property, it takes the form of a home equity loan and the two are synonymous.
- A second mortgage also provides an alternative to refinancing, which may involve break costs, exit fees and other legal fees. Second mortgages can be a more cost-effective option.
- When considering loans for a second mortgage, lenders will consider lending if they can secure; significant equity in the first mortgage, low debt to income ratio, high credit score or solid consistent employment history and income.
- Accessing the equity in your property means you can work towards paying down and consolidating your debts.
KEY FACTS: ABOUT SECOND MORTGAGE
Min.Loan Size
$150,000
Max.Loan Size
$2 million
LVR
Up to 75%
Interest Rate
From 15% per annum
Term
6 to 36 months
Area Restriction
Eastern Seaboard
FREQUENTLY ASKED QUESTIONS
WHAT IS A SECOND MORTGAGE?
A second mortgage is a loan secured on property, it takes the form of a home equity loan and the two are synonymous.
WHY WOULD I CHOOSE A SECOND MORTGAGE?
A second mortgage also provides an alternative to refinancing, which may involve break costs, exit fees and other legal fees. Second mortgages can be a more cost effective option. Accessing equity in your home means you can also work towards paying down and consolidating your debts.
WHAT DO LENDERS CONSIDER WHEN ASSESSING THE GRANT OF A SECOND MORTGAGE?
When considering loans for a second mortgage, lenders will consider lending if they can secure; significant equity in the first mortgage, low debt to income ratio, high credit score or solid consistent employment history and income.
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Mezzanine Funding
We help you understand how mezzanine finance and preferred equity fits into your feasibility and how you can use our experience and products to achieve a capital advantage.
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