Second Mortgage Loans | 2nd Mortgage Loans
Second Mortgage loan refers to a private second loan secured under an existing first mortgage upon a piece of property, typically by the home owner. One of the main driving forces that prompt people to take out a second mortgage on their home or commercial security is for debt consolidation or to increase equity funds quickly for investment purposes.
Second mortgages usually carry a higher interest charge as the first mortgage carries first priority in the case of mortgage default.
There are also fees to be paid as you are essentially obtaining a new loan. These include loan origination fees, appraisal fees, and closing cost related fees.
Let us help you find and organise the right second mortgage facility today!..
Private Second Mortgage Funding Features
• Borrow business funds using your property up to 80% of its market value ( higher LVR will be considered )
• Loan terms up to 12 months * ( option to extend available )
• Private funds approval within 24-48 hours after applying
• Flexible lending criteria against: Property, Cars, Bikes, Income –
• No property valuation required (in most cases)
• New business – No ABN or bad credit issues ? They will all be considered
• Consolidate all your current loans into one easy manageable loan – hassle-free repayments
• Complete easy online application in minutes for approval decision
• Early pay off anytime (for flexible planning).
• If you find a lower rate from a competitor, we will be determined to beat it!
• Credit History – All good as long as you are not under bankruptcy or a Part 9 Debt Agreement.
Want to Qualify For a Private Second Mortgage Approval Within 5mins ? Start Here -
Thought about an Unsecured Business Loan?
If you are a business owner with no security asset and want to expand or require urgent cash flow funding... you may consider quick business finance, such as a short term business loan.
To find out more & apply for an Unsecured Business Loan CLICK HERE
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