CAVEAT LOANS
The main benefit of a caveat loan is that they’re quick, easy, flexible and require minimal documentation.
A short-term caveat loan is commonly used to manage the cash flow between the sale and purchase of a property. So, if you have sold a property and need to pay for another, but settlement timing doesn’t match up, a caveat loan can be a great short-term solution.
In addition, caveat loans can be used to complete renovations or residential development projects. Caveat loans can help raise funds required for construction, with a caveat on the property, which will be released once the property is finished and sold.
We offer short-term caveat loans with flexible repayment periods. And you can quickly and easily apply online.
FIRST MORTGAGE LOANS
Most first homeowners will require a mortgage to secure their new home. Historically first mortgages have been provided by big banks for a long term (often 15 years up to 30 years). Though it’s becoming increasingly clear that longer-term loans do not always suit everyone’s circumstances – particularly for borrowers who may only need access to funds for a shorter period of time or if their credit history has been impacted.
The good news is that there are a number of alternative and private lenders in Australia who provide short-term first mortgages, which typically have a duration of 2 to 36 months.
It’s also good to keep in mind that while generally, first mortgages are for property purchases, they can be used for home renovations or paying bills. A short-term first mortgage is also often utilised to fund business ventures or cover construction costs for real estate development.
We offer short-term first mortgage loans with flexible repayment periods. And you can quickly and easily apply online.
SECOND MORTGAGE LOANS
A short-term second mortgage may be worth considering if you have solid equity in your home, an inability to extend or refinance your primary mortgage loan, and quickly need access to significant funds.
A short-term second mortgage loan can be used for business purposes. Common business requirements include boosting working capital, acquiring equipment or stock, or even purchasing a business. Typical short-term second mortgage loan uses include consolidating debts, paying a one-off large bill or undertaking renovations on your home.
We offer short-term second mortgage loans with flexible repayment periods. And you can quickly and easily apply online.