Banking Royal Commission and Lender Assessment Changes The Banking Royal Commission is certainly causing waves in lending circles which we feel will have a wide spread […]
Benefits of using a Mortgage Calculator A mortgage calculator can be crucial for people who are home buyers however what are the benefits of using a […]
The ATO, Covid, and Tax Debt Covid, the pandemic and the government response have been cited as the biggest social upheaval since the second world war. […]
A Real-Life Example of Debt Consolidation Is Debt Consolidation Worthwhile? A lot of us have heard the words Debt Consolidation, but are confused about what they […]
. Solutions For Managing BAS and PAYG Payments At Loan Saver Network, we speak to many businesses regarding their tax obligations. As such, we gain a […]
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 […]