blished by Colin What are the Benefits of a Debt Consolidation Calculator? If you’re struggling with debt, a debt consolidation calculator may be a valuable tool. However, […]
Understanding Mortgage Stress in Australia: Causes and Statistics Mortgage stress is now a big problem in Australia. Consequently, more and more homeowners are struggling with money […]
Why the Government Guarantee Loan Scheme? It is well known that access to business loans and funding helps business growth. Consequently, this is why one of […]
How does Covid19 affect Caveat loans and other loans? When businesses need working capital quickly, caveat loans are ideally suited. However, lending and finance changes in […]
Firstly, when considering credit applications, it’s important to recognize that all credit inquiries impact your credit file. This applies to second mortgages as well. Therefore, to […]
A second mortgage loan allows you to retain your existing first mortgage lender while accessing additional funds provided by the second mortgage lender. On the other hand, refinancing involves paying off your […]
The required equity for obtaining a second mortgage depends on the type of security involved. Generally, the following guidelines apply: Residential Properties: Equity Range: Typically, lenders prefer homeowners […]
Yes, however if a business second mortgage the debts to be paid must be >50% business debts. Although, there are consumer second mortgages and caveat loans […]
Second mortgage rates start at around 13.95% pa. However, depending on the lender, the assesed risk, your credit rating and your type of security property the […]
Second mortgage loans are generally used for business purposes. However, are also suited for limited consumer purposes where there the loan is paid back by selling […]
One of the disadvantages of a debt consolidation loan can be that the loan term is extended further. Hence you pay more interest. Also, especially considering […]
Second mortgage loans are generally for business purposes. However, are also suited for limited consumer purposes where there is a property sale. The main requirement in […]
Second mortgages are a type of security registration that is placed behind another registered mortgage (1st mortgage) usually by another lender. For instance, a lender such […]