Pre Approved Car Loans Personal Car Loans Business Car Loans Car Dealers Bad Credit Car Loans Used Car Loans
Pre Approved
Car Loans		 Personal
Car Loans		 Business
Car Loans		 Car
Dealers		 Bad Credit
Car Loans		 Used
Car Loans		 Credit
Cards
   Car Loans Online


car loans made easy at Dreamloans
Dreamloans Finance Australia
are the experts in
car loans Australia

>> Apply Online
 

 Home Loans

>

Home Loans - Apply

>

Low Doc Home Loans

>

Bad Credit Home Loan

>

First Home Owners

>

Self Employed Home Loan

>

Discharged Bankrupt Loan
>

Save Money Home Loans

>

Debt Consolidation

>

Bad Credit Mortgages

>

Home Equity Loan

>

Mortgage Broker

>

Mortgage Refinance
  
 

Calculators

Borrowing Power

Loan Costs
Repayments

Rates
 

 
Your Credit File
Have you been refused credit and don't know why?

Lenders regularly use credit reporting agencies to assess whether they should give you a loan. For this reason, it is important that the information on your credit report is accurate.
 
>> Read More
 

Business Impaired
Loan & Finance


For all you self employed clients or business with a impaired credit file, there are solutions for you.

For you there is the benefit of a wide range of mortgage or finance options to suit refinance and new business start-ups - all at competitive rates.

Now that's got to be good for business.

Click here to find out how we can help your business.
 

Car Loans  |  Home Loans  |  Car Insurance  |  Credit Cards Online  |  Testimonials
Bad Credit Mortgage Refinance  |  Home Loan Debt Consolidation  |  Home Equity Loan

Second Mortgages Home Loans & Equity Home Loans

From the Desk of Sarah Redman
Team Leader -- Dreamloans Home Loans
Phone: 1300 780 050
Email: sarahr@dreamloans.com.au

 

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 are Second Mortgages

As the name implies, a second mortgage is an additional type of financing on top of your existing mortgage. This second mortgage usually is applied at a higher rate of interest and is negotiated for a shorter term.

Comments

  1. A second mortgage financing arrangement, is additional to the first mortgage, also secured by the same property

  2. Usually for 3 to 12 months

  3. Usually has a higher interest rate

Second mortgages are arranged for various reasons such as

  1. financing home improvements

  2. university fees

  3. debt consolidation

  4. weddings

Home ownership has the benefit that it allows you to use your home as collateral and borrow needed money against it, by taking a second mortgage.

How much will it cost - Case Example

A person wants to take out a second mortgage on their existing property. They wish to borrow $20,000. Their house is valued at approximately $400,000 and the balance is $250,000. Therefore there is plenty of equity in the home.

Borrowed Amount:

$20,000

Term:

3 months

Fees

Interest Rate 15% per annum:

$750 (Interest Only - $250 per month)

Legal Fees:

$500 (approx)

Other Fees: (Broker & Valuations)

$1200 (approx)


* This is an example only and will vary for each individual circumstance

Conclusion

From the above you can see that based on a $20,000 second mortgage for three months, you would have to pay back approximately $22,450.

As a result the second mortgage has cost you $2,450 in fees and interest.

Apply Online

 

Short Term Business and/or Investment Caveats

Lenders can now provide clients with short term lending solutions for business and investment purposes by simply placing a caveat over the property or business

This is done

  • Caveats, first and second mortgages (even cars and boats)

  • Usually $5,000 to $2 million

  • Funds usually available within 3 working days

  • Up to 12 months

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:

  1. 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!

  1. 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

  1. 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 !
 

home  |  about |  loans and mortgages  |  calculator |  FAQ  |  rates  |  contact consultant
|  first home owners  |  investors  |  self employed loan options  |  low doc loans  |
| saving money on loans | bankruptcy & bad credit rating loans | other loans |
 your credit file | business finance |  resources  | site map  |
bad credit rating | bankrupt loan | discharged bankrupt mortgages
| Plant Equipment Finance/Business Motor Vehicle Finance |
| second mortgages | bad credit home loans |
| commercial loans finance |

 

© Copyright 2008 Dreamloans.com.au. All rights reserved