Second mortgage loans are a popular type of lending for business. As such, second mortgages have great benefits for businesses requiring fast access to funds. However, private mortgage loan funds are usually short term loans. Consequently, you would need to have thought about how to pay back the funds within the loan term, or at the end of the loan term.

Second mortgage loan terms are commonly between 1-12months so are usually repaid from the sale of an asset or a loan refinance.

May 28, 2020

Are second mortgage loans risky?

Second mortgage loans are a popular type of lending for business. As such, second mortgages have great benefits for businesses requiring fast access to funds. However, […]
May 28, 2020

What are the uses for second mortgage finance?

In the first instance, you need to pay creditors and stop a business wind up. Then, business restructuring and requiring finance. Hence, specialist finance is needed […]
May 28, 2020

Will I be approved for private finance?

Private mortgage finance can be an effective method for obtaining fast business funds. At the same time, traditional lending can be a hindrance because of their […]
May 28, 2020

Can you explain property equity?

A second mortgage sits behind a mortgage registered against the title of your property. Hence, the first mortgage is placed there by your bank. Consequently, second […]
May 28, 2020

What equity do I need for 2nd mortgage finance?

Short term business loans such as caveat loans and second mortgage loans are higher risk for a lender. As such, this is a result of minimal […]
May 28, 2020

How is lending criteria different for second mortgage lending?

The lending criteria for private lenders vary a lot with banking finance. By comparison, businesses can enjoy the simplicity of the second mortgage loan lending criteria. […]
May 28, 2020

What is the difference between second mortgages and caveat loans?

The main difference between the two private lending facilities is the security type. Certainly one is a second mortgage and the other being a caveat. Otherwise, […]
May 28, 2020

How fast can I receive funds from a second mortgages settlement?

A second mortgage needs to be approved by the first mortgagee. As a result, loan settlements can take three weeks or more.  However, while waiting for […]
May 28, 2020

Why is speed important in choosing a second mortgage lender?

Conventional banks actively search for self-employed borrowers with tax debt as they don’t want any borrowers with tax debt as it highlights a business income and […]