Second mortgages are another mortgage on top of your existing commercial or residential property. The interest rate on a second mortgage is higher than a first mortgage because the second lender has less security.
When time is of the essence to secure your next business or investment opportunity, some of the great benefits of securing a second mortgage include:

Ease of Application - Securing approval for a second mortgage is generally easier than a traditional home loan application and in some cases only proof of identification and an electronic evaluation of your property is required.

Quick Approval - With minimal paperwork required, it is generally the value of the security property and the respective debt against it, together with being able to demonstrate an exit strategy to repay the debt that will determine the likelihood of approval.

Quick Settlement - As the amount of paperwork required to apply for a second mortgage is considerably less than other loans, such as a home loan, we can have your application approved and transfer funds to your nominated account within 48-72 hours.

Second Mortgages Additional Information

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