BUSINESS LOANS

Whether it’s securing funds for business cash flow or paying for some much-needed renovations around the home, the reasons for needing a little extra money on hand are endless. If you’re a homeowner and you have already mortgaged your house, you may be able to get more of the cash you need when you speak with 2nd mortgage loan brokers at Adelaide Home Loans who are ready to help you get the most out of your home’s equity.

As a secured loan, 2nd mortgages use the borrower’s home as equity, making them safer than some other types of loans. Because they typically involve mortgaged properties, they are usually only eligible for homeowners. However, this does not mean that you need to live in the home you are mortgaging, and the loan amount can vary depending on your needs. Usually, 2nd mortgages are seen as being a short term financial solution, and the application process can be approved within a matter of days, especially with the help of our 2nd mortgage loan brokers at Adelaide Home Loans.

If you are interested in taking out a 2nd mortgage but have been unable to get help from a bank, this does not mean you are out of options. Provided you have enough equity in your estate; lenders are usually willing to offer up to 75 percent of the security property’s value, which can translate into a very healthy sum of cash for most borrowers. If you’d like to find out more about how you could potentially benefit from taking out a 2nd mortgage, our loan brokers in Australia are ready to lend their advice and help you make the right decision to fit your specific needs.