Australian Capital Lending for Second Mortgage Loan
Of all the home loans available on the market, the second mortgage loan is one of the most difficult to attain. Banks utterly detest them because they take second priority, hence the name, to your first mortgage. They are a high-risk option for lenders, because should your finances go belly-up and default, your first mortgage gets preferential treatment, and only the residue will be allocated to your second mortgage loan. That is, should there be any. This stands to leave the banks out of pocket, and if there is a high risk, often banks will walk away.
Australian Capital Lending, however, boast an accomplished team of deftly skilled accountants that can not only negotiate a second mortgage, but get the best possible deal available.
HOW A SECOND MORTGAGE CAN BENEFIT YOUR CHILDREN
One of the motivating factors behind this is, often second mortgages are taken out these days due to the eastern states’ housing crisis that is keeping young people out of the market. We believe the ‘The Australian Dream’ is still attainable, and that every Australian, young or old, should be able to own their own home. This is due to that, in many ways, a second mortgage loan echoes a ‘family guarantee loan’, and is often used for a similar purpose.
The difference is that with a family guarantee, your family’s home loan equity is subject to paying stamp duty costs, and other expenses, while the second mortgage ties two home loans to the one property. Typically, the second mortgage is preferable, and consequently the bank is more reluctance to hand them out. With the help of Australian Capital Lending, a second mortgage can be brokered to help you and your family.
HOW A SECOND MORTGAGE CAN BENEFIT YOU
If your entrepreneurial itch is keeping you up at night, and you are compelled to begin a new business venture but don’t know how to finance it initially, a second mortgage could be an option. Small business home loans are often attached to higher rates, and they may prove difficult to attain if this is your first foray out on your own. By using your home as equity, you’ll obtain the groundwork to begin your new business. There could be a few hurdles, but our team of financial experts at Australian Capital Lending can give you the leg up you require.
HOW A SECOND MORTGAGE CAN BENEFIT YOUR HOME
Have you followed the tried-and-true real estate adage to ‘buy the worst house on the best street’ and now you’re looking to renovate, upgrade your property, and be the envy of your neighbours? If so, taking out a second mortgage could be a savvy decision. Bathrooms and kitchens are the most common renovation, and can deliver you up to three-quarters of the amount you invest. A second mortgage may be a risk, but if there is your intention it could prove a smart one. Contact Australian Capital Lending to help us broker you a deal today.
THE OPTIONS FOR IMMEDIATE FINANCING INCLUDE:
ON YOUR OWN, SECOND MORTGAGES CAN BE HARD TO SECURE, CONTACT US NOW!
Looking to improve the lifestyle of you or loved ones with a second mortgage? Our highly qualified contingent of financial experts are waiting for your call. With the help of Australian Capital Lending, a second mortgage can get you into a better home, your children in your first home, or your pitch up the tent for your very first business.