What is a 2nd Mortgage Loan
A 2nd Mortgage is a business loan that sits behind your current 1st Mortgage with your bank. HomeSec 2nd mortgages are perfect if you need access to extra funds by tomorrow, and you want them for a longer term of 12 months or more.
HomeSec 2nd Mortgage Loans can settle within 24 hours, which is much better than waiting months to
refinance your current 1st mortgage.
These loans are an affordable Interest Only loan
(as opposed to much higher payments with a Principal & Interest loan), so you simply pay the interest each month during the term of the loan.
At the end of the 12 month term, you can pay the 2nd mortgage loan out (often through the sale of an asset, or refinance), OR you can extend the loan with no
additional fees. You simply continue to pay the interest each month.
As it is a business loan, all interest and costs are fully tax deductible.
What is Required?
Why a 12 Month Second Mortgage
Been Declined by Unsecured Cashflow Lenders?
If you a looking for a longer term business loan (of 12 months or more), and you have tried the Cash Flow Lenders and they can’t fund you, then as long as you have sufficient equity in a piece of real estate, we will fund you.
Our 2nd Mortgage Loans often have lower
monthly payments as they are an “interest only” loan. In addition, we will fund any industry, and your credit score and payment history is
irrelevant. Plus we can fund you in just 24 hours from the time you apply.
Mortgage and Finance Brokers
across Australia and New Zealand are also becoming aware of HomeSec Business 2nd Mortgage Loans, and are actively telling their business and commercial clients about them.
This is a smart move, because brokers need to be able have a solution if a client comes to them needing a large sum of money, and they can’t get themapproved with any of the Cash Flow Lenders due to servicability issues, poor credit score, business type or length of time in business.
None of that worries HomeSec.