Second Mortgages Australia | Fast & Flexible Funding
Access fast second mortgage loans with LoansOne. Borrow up to 75% LVR for business growth, property development, and more. Quick approvals and flexible terms.
Why Choose a Second Mortgage? 🏠
If you already have a first mortgage on your property but need additional funding, a second mortgage is the ideal solution. Instead of refinancing your first mortgage, which can be time-consuming, a second mortgage offers faster access to capital. With LoansOne, you can unlock the equity in your property to meet your financial needs efficiently.
How Does a Second Mortgage Work?
Second mortgages are loans secured by your property, coming after the first mortgage. Here's how it works:
- Apply online in just 60 seconds
- Our team reviews your application and provides Conditional Approval
- Complete due diligence and sign loan contracts
- Funds are transferred directly to your account
Second mortgages typically carry higher interest rates due to their subordinate position but are perfect for short-term needs.
How Can You Use a Second Mortgage?
- Purchase business stock and inventory
- Consolidate existing business loans
- Fund property development projects
- Address seasonal cash flow needs
- Expand business operations
- Cover subdivision or DA costs
Is a Second Mortgage Right for You?
A second mortgage might be the right option if:
- You are a builder or developer needing capital to complete a project
- You have equity in your property and require urgent cash flow
- You need funds for inventory, ATO payments, or business expansion
- Your first mortgage has a low fixed interest rate you don’t want to refinance
What is LVR (Loan to Value Ratio)?
LVR represents the combined debt of your first and second mortgages as a percentage of your property's value. For example, if your property is valued at $1,000,000 and your first mortgage is $400,000, a second mortgage of $200,000 would bring your total debt to $600,000, resulting in a 60% LVR.
Find the perfect loan for you
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Frequently Asked Questions
How much money can I take out in a second mortgage?
The amount depends on the equity in your property, typically up to 75% LVR.
What are the requirements for a second mortgage?
You need equity in your property and proof of ownership to qualify.
What are the terms for a second mortgage?
Terms vary, but LoansOne offers flexible short-term options tailored to your needs.
Do I have to get my second mortgage from the same place as my first mortgage?
No, you can secure a second mortgage with LoansOne even if your first mortgage is with another lender.
Can I get a second mortgage with bad credit?
Yes, LoansOne considers applications regardless of credit history.
Is it better to refinance or take out a second mortgage?
If your first mortgage has a low fixed rate, a second mortgage may be a better option to avoid refinancing at a higher rate.
Can I refinance a second mortgage?
Yes, refinancing options are available to better suit your financial needs.
Access Fast Second Mortgage Loans Today!
Apply now and unlock the equity in your property with a second mortgage. Fast approvals and flexible funding for your business needs.
Apply Now