Second mortgages
Second mortgage business loans
Use the equity behind your existing home loan or commercial loan — without refinancing it. A registered second mortgage secures the loan, and interest can be capitalised for the term.
Keep your first loan. Use the equity behind it.
Refinancing a first mortgage can take months and may cost you a good rate. A second mortgage leaves that loan exactly where it is and lends against the equity sitting behind it.
- Registered second mortgage over Australian property
- Residential and commercial security considered
- Interest capitalised or paid monthly
- Early repayment credits back unused capitalised interest
Built around the exit
Every short-term loan needs a clear way out — a sale, a refinance, an incoming payment or business cash flow. Tell us yours and we’ll structure the loan around it.
Common questions
What is a second mortgage?
A loan secured by a mortgage registered behind your existing first mortgage. It lets you use the equity in a property without replacing the loan you already have.
Will my first mortgagee be involved?
Your first mortgagee is usually asked to confirm what's owing on the existing loan. Your existing loan itself is not changed.
Can I have more than one property as security?
Yes, more than one property can be offered as security where it helps the deal.
Want a straight answer on your deal?
Call Tim or send the details by email. You'll get a clear yes, no or what-it-would-take — usually the same day.