Mortgage
Can I Get A Second Mortgage For Down Payment?
Property is a great, but expensive investment, requiring a large down payment to secure. But can you get a second mortgage for down payment?
Jack Richings
26 June 2020
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Property is a great, but expensive investment, requiring a large down payment to secure. But can you get a second mortgage for down payment?
Ever got yourself in a circumstance where you need to replace your current home with a new mortgage? Well, home refinancing is precisely that – getting a new mortgage loan to replace the existing home loan.
If the value of your home, or the amount you paid for it, is higher than your first mortgage or the principal, it means that you have equity in your home. You can tap into your equity by applying for a loan, secured by it.
The short answer is that a car loan can influence mortgage applications and under certain circumstances, it can get your requests denied. But do not let yourself discouraged. Evaluate your possibilities, cut down on the unnecessary expenses and, if you can, try to pay ongoing debts before applying for a mortgage.
In spite of your current status, don’t hesitate to refresh your mindset, in the case in which the market alters in your favour. Why shouldn’t you take advantage of it? Nonetheless, bear in mind that you should discuss with your financial advisor before taking the leap.
Applying for a mortgage is a tough decision to make, especially when you have a spouse and/or kids. There are cases when in fact it’s
People take a home loan refinancing into consideration when they’re no longer satisfied with their actual home loan or when they want to make some
Did you recently check the present status of your home loan and the progress you are making? If not, it is about time you did
Sydney and Melbourne both have been marked to have a greater chance of mortgage defaults. Both capitals are noted to have been using a large
It is every young family’s dream to buy a house to make into a home but with rising property prices, it is becoming more difficult
It’s time!!! If you have not locked in your fixed mortgage rate, now is the time. Economists have been predicting mortgage rates to rise in
How do Second Mortgages Work? Many people are familiar with the idea of a first mortgage on a property. The idea is fairly straight forward.
If you have a current mortgage and you suddenly lost your job or your source of income, you surely are in trouble. Aside from making
Fears of Australia’s economy going into recession as a result of the US housing price collapse may be unfounded. According to the International Monetary Fund
More Australians are buying houses later in their lives. As a new mortgage survey suggests, a new social trend is emerging in the mortgage market.
As the unemployment rate in Australia continues to rise, up to 1 in 16 homeowners are defaulting on their home loans. Of the top 20
You may have found your dream home but have not yet managed to sell your existing property. Without the proceeds from the sale of your
Australian Lending Centre is the country’s largest provider of alternative loan products, debt consolidation services and refinancing for over 30 years.
We’re not like your average bank. We don’t have extensive queues that make you wait weeks for funding and we don’t discriminate based on credit history.
Our team understands that not everybody is struggling, some people just need a better loan term with the highest quality of service and transparency.
Whatever your situation, you are bound to have questions about our process, products and services, which we've compiled together for you.
For 25 years Australian Lending Centre has been offering Australians a financial relationship with access to the latest financial products and services. Our highly trained, specialist lending consultants are here to help you get on track financially. With our wide range of loan products, Australian Lending Centre strives to make a long-term commitment with each customer we work with. ALC is a one-stop-specialist for bad credit loans, business loans, refinancing and debt consolidation into one easy repayment, Australia wide. For bank-alternative finance assistance required, get in touch, we aim to help every customer get the most suitable loan product for their needs!
