Second Mortgage

You can use a second mortgage to free up cash if you already have property equity.

Apply for A Second Mortgage

Home, Rent & Improvements

Business Loan

Medical, Family & Education

Living, Utilities & Bills

Life Events

Use Home Equity for Investment & Overheads

A second mortgage is taken out against your current property – in addition to your current mortgage. When you apply for second mortgages, it means you’re applying for a home equity loan. You can use a 2nd mortgage to improve, add, or grow your business as long as you have a property to borrow against.

A Second Mortgage Can Improve Your Business

A second mortgage loan is taken out for a variety of reasons. These can include:

Borrow From Equity in your Property

A second mortgage works more like a line of credit than a secondary loan. Whether you own commercial property or residential property, this process works the same. The money in your loan comes from the equity you already have in your property. That means you’re borrowing against the equity your property has.

Second mortgage loans are not meant for small purchases or expenses. You should only consider this finance option when you have ample equity and you have a big purchase.
Interest rates on these types of loans are typically higher than a mortgage, but the team at Australian Lending Centre can help locate competitive, affordable rates within our range of banks and private lenders.

Please contact our team today to discuss the value we can add to your business.

Bad Credit Gets A Friendly Response

When you’re starting a business and you have bad credit, it can make things a lot harder. We work with you to try and qualify you for a bad credit second mortgage. We look at other borrowing factors other than your credit file to try and get you the money you need to keep your business going.

If you need financial support, the friendly team at Australian Lending Centre can give you the information you need to see if one of our options will work for you. Contact us today by calling 1300 138 188 or Apply Now!

Pros and Cons of a Second Mortgage

The Pros

Loan amount: borrowing a larger loan amount against the security of your home.
Interest rates: most second mortgages have lower interest rates than other loans
Tax benefits: with the help of your tax preparer, you may get a deduction for interest paid on this kind of loan.

The Cons

Risk of foreclosure: if you stop making payments.
Costs associated: credit checks, appraisals, origination fees, etc,
Interest cost: if it’s higher than your first mortgage loan

Get Started with a Second Mortgage

Get Started with a 2nd Mortgage

Let the financial experts at Australian Lending Centre help you get started on your second mortgage. See the difference an expert in the lending industry makes, call us today.

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Don’t let a rejection from a bank stop you from thinking you can qualify for a second mortgage. Even if you have bad credit, our loans team will help.

Apply today

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For over 25 years, the Australian Lending Centre has provided customers with access to a wide range of financial solutions, making us one of the leading private lenders for good reason.

With services ranging from Debt Consolidation and Refinance to Personal Loans and Debt Management, the Australian Lending Centre could provide you with opportunities even if you’ve been rejected elsewhere.