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Second Mortgage & Bridging Loan

Phone 1300 780 050

We have trained home loan experts waiting for your call

Phone 1300 780 050 or apply online and we will reply to you within 15 minutes on any business day. Please stand by your phone to take our call

What is a "Second Mortgage"

Second mortgage loans are loans secured against second mortgage security over selected residential, retail, commercial, industrial or rural real estate. This type of security ranks behind the first mortgagee of the property. The second mortgage may or may not be registered.

Term of Second Mortgage Loans

Second mortgage loans will generally not exceed 12 months in duration. However, loans will be made with provisions for the borrower to rollover the loan and thereby extend the term of the loan.

Maximum Loan To Value Ratio

The following maximum loan to value ratios (calculated when the loan is made) generally apply in relation to this type of loan.

Type of Impairment	Category	1st Alternative	2nd Alternative	3rd Alternative	4th Alternative
	Current	0	1	2	4
Mortgage Arrears	1 - 6 months	1	1	2	Unlimited
(months)	7 - 12 months	1	2	3	Unlimited
Defaults & Judgements	Unpaid	0	1	2	Unlimited
	Paid (max)	0	1	3	Unlimited
	Total events (max #)	0	1	3	Unlimited
	Total events (max $)	0	$5,000	$10,000	Unlimited
Bankruptcy History	Current History	No history	Discharged > 3 years	Discharged > 1 year	Discharged
Property Location		Metro	Metro	Non-metro	Non-metro

>> Want more information on current interest rates

Maximum Loan Amounts
Max LVR (%)*
70%	$500,000
75%	$400,000
80%	$300,000
* LVR - Loan to Value Ratio

>> Want more information on current interest rates

What are "Bridging Loans"

Bridging loans are generally required when borrowers require money short term. A common example is where a borrower is required to settle on the purchase of a new property before selling an existing property.

Term of Bridging Loans

Bridging loans loans will generally not exceed 12 months in duration. However, loans will be made with provisions for the borrower to rollover the loan and thereby extend the term of the loan.

Maximum Loan To Value Ratio

The following maximum loan to value ratios (calculated when the loan is made) generally apply in relation to this type of loan.

Type of Impairment	Category	1st Alternative	2nd Alternative	3rd Alternative	4th Alternative
	Current	0	1	2	4
Mortgage Arrears	1 - 6 months	1	1	2	Unlimited
(months)	7 - 12 months	1	2	3	Unlimited
Defaults & Judgements	Unpaid	0	1	2	Unlimited
	Paid (max)	0	1	3	Unlimited
	Total events (max #)	0	1	3	Unlimited
	Total events (max $)	0	$5,000	$10,000	Unlimited
Bankruptcy History	Current History	No history	Discharged > 3 years	Discharged > 1 year	Discharged
Property Location		Metro	Metro	Non-metro	Non-metro

>> Want more information on current interest rates

Maximum Loan Amounts
Max LVR (%)*
70%	$500,000
75%	$400,000
80%	$300,000
* LVR - Loan to Value Ratio

>> Want more information on current interest rates

GET YOUR MORTGAGE

With OUR Proven Mortgage Broker Services........

..Without Time Consuming Office Visits

APPLY ON-LINE IN LESS THAN 5 MINUTES

If you answered "YES" and you want to take advantage of our mortgage broker services -- HERE ARE THREE EASY WAYS TO GET STARTED:

CLICK HERE TO APPLY ON-LINE
Remember...there are NO initial checks, NO upfront costs and NO obligations. If you are not satisfied with our car loan offer -- you pay nothing!

CLICK HERE TO PRINT & FAX APPLICATION
Our on-line application is on a secure server but if you are concerned about internet security then print our 'printable' application and fax it to ...
FAX: 1300 882 968

APPLY OVER THE PHONE
You can apply over the phone during our business hours 9 AM to 5 PM - MONDAY TO FRIDAY
Call: 1300 780 050

When you apply on-line you will receive a reply within 15 minutes to your request (during our business hours) with the actual approvals delivered to your email box. We'll do our best to deliver your approval to you quickly.

P.S. That's all it's to it... no running around... no time consuming appointments... no office visits.. no initial credit checks... and the lowest interest rates around !

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Second Mortgage & Bridging Loan