Low Cost Second Mortgage Loans, Funded Fast

Yes, where the numbers fit. A low cost second mortgage from us, from 11.95% p.a., repays the private lender at settlement and sits behind your bank, with the 70% limit worked out across both loans. The term is set to end once the bank refinance settles. Send us the private lender's payout figure, the default notice and the bank's approval letter with its expected settlement date. Ask your solicitor whether your bank must consent to the new second mortgage, and request that consent at the same time.

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The two month term is the safer choice for a five week exit. The rate is set by the term you choose: 11.95% p.a. for one month, 12.95% for two and 13.95% for three. A one month term would end before your sale settles, so you would be asking for an extension in week four. Choose the term that covers the settlement date with some margin.

Tell us now, before the term ends. Extensions are considered case by case, and the earlier we know, the more we can discuss. Send us what the bank asked for and the new date it has given you. The position to avoid is saying nothing until the month is up.

Our standard second mortgage. The low cost product lends up to $2,000,000 for one to three months. Above that, our standard second mortgage lends larger amounts, for terms of 1 to 24 months, with rates from 11.95% p.a. The 70% combined limit applies to both, so tell us the property's value and what is owing on it.

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About $420,000. Combined lending across both mortgages can reach 70% of $1.6 million, which is $1.12 million, and with $700,000 owing to the bank, that leaves about $420,000. The final figure depends on our in-house valuation of the home. Loans start at $250,000.

Yes. An approved bank refinance is a clear exit, and a two month term at 12.95% p.a. covers five weeks with margin. The loan funds are paid to your client's business, which pays the ATO. Send us the refinance approval, the property details and the ATO balance, and we will come back to you within hours.

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Yes. The low cost second mortgage can be secured by residential, commercial or industrial property, including an industrial unit your company owns. The same 70% combined limit applies. Send us the unit's address and the balance of the loan already on it.

It can, where the insurer's acceptance and expected payment date are in writing. That payment is the exit, and a three month term at 13.95% p.a. covers 60 days with margin. Send us the insurer's letter with your property details, because the exit carries the most weight in the assessment.

The short term. The starting rate is the same, but the low cost product runs for one to three months only, so you pay interest for a shorter period than on a longer loan. It suits a need with a clear exit within three months. Where the exit is further away, the standard second mortgage, with terms of 1 to 24 months, is the better match.

Yes. A three month term covers a ten week sale, at 13.95% p.a., and the loan is repaid from the sale. The company is the borrower, and the property itself, or another property the company or a director owns, is the security. Allow for the work running late, because the sale date is your exit. Send us the property details, the renovation quote and the agent's expected sale timing.

Yes. Your home can secure a loan to the company, and a three month term covers the time to a December settlement. The loan funds are paid to the company, which pays the ATO, and the loan is repaid from the sale. Send us the sale contract, your home's details and the ATO balance before 28 October.

A short-term second mortgage is a secured loan taken against the equity in your property, sitting behind your primary mortgage. Unlike a standard home or investment loan, it's designed for a short window, often 3 months or less, so you can access funds quickly without committing to a long repayment term.

In urgent cases, approval and settlement can happen within a few days, provided valuation, security checks, and documentation are in order. This speed makes them ideal for bridging finance, covering time-sensitive expenses, or seizing an investment opportunity.

The main advantage is cost. With a shorter term, you'll pay less in total interest. These loans are designed to be an in-and-out solution, covering an immediate funding gap until a property sale, refinance, or other cash event is completed.

They're highly flexible. Common uses include bridging between property settlements, paying suppliers, funding renovations before a sale, covering seasonal business expenses, or seizing a quick investment deal.

Most borrowers exit the loan through a planned refinance, property sale, or incoming funds from another source. It's important to have a clear exit strategy before taking out the loan to avoid unnecessary extensions or penalties.

Yes, your current mortgage holder must consent to a second mortgage being registered on your property. Experienced lenders and brokers can manage this process quickly so it doesn't delay settlement.

It is a fair question and the answer is usually no. Consent to a second mortgage turns on the equity position and the terms of the first loan, not on your credit report. Where a first mortgage lender does push back, it is more often about arrears on their own facility than about anything listed on a bureau file. We manage that process for you.

Yes, where the property supports it and the repayment plan is clear. A short term suits deadlines such as a GST bill, a deposit or a settlement shortfall.

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