Fast Second Mortgages
- Interest Rates effective 3/12/2018
- Lenders from: 2% per calendar month.
- Rates typically range from 2.0% to 2.5% per calendar month.
- Applicable Fees: Lender, Brokerage, Legals, Valuation(s) (if applicable).
- Term for Companies, Businesses, Trusts & ABN holders – Minimum 2 months up-to 12 months.
- Term for Loans in personal names – Maximum 62 days.
- Amounts $50,000 – No limit.
- Amounts for loans in personal names $200,000 – No Maximum.
- Max LVR Varies from lender to lender – no set limits but typically 70%; 75%; 77.5% & 80%
- Locations All Capital Cities, major Coastal Areas & major Regional Towns.
- Valuations : at time of your initial enquiry we will advise if a valuation is required and type of valuation required. Valuation types include: Sworn, Exempt, Desktop, Agent Appraisal & Kerbside. BYO considered.
- Exit Plan (paying back of loans): Refinance, sale of asset/stock, working capital, inheritance, outstanding work/invoices, commissions due.
- Loan Purpose – documentary evidence may be required by lender: Starting a business, business bond, business taxes, purchase or investment in business assets, business stock, business equipment, business invoices, purchase of shares, refinancing a margin loan.