Benefits of a private mortgage
Owning your home or investment property is a dream that many people share, yet some candidates with poor credit histories, unavailable financial data, defaults on existing loans or those who reside overseas may be prevented from acquiring a mortgage from a larger lender or bank. Despite enduring the financial storm of 2008 relatively well, Australia’s banks have become cautious, making it increasingly difficult for many Australians to get the mortgage they need.
You do not always need to borrow from a bank however, you can also borrow from a private investor. Private mortgages help you secure finances for your new home just like how many commercial premises are funded. Our expert team can connect you with the private mortgage lender that best suits your situation, and the idea is not to simply deliver a one size fits all service, but to tailor a loan that helps you achieve your property goals.
For more information on a private mortgage, give our friendly team of advisors a call.
How does private mortgage work?
You do not always need to borrow from a bank, you can also borrow from a private investor. Private mortgages help you secure finances for your new home or even investments like construction, commercial premises and subdivision projects.
Our expert team can connect you with the private mortgage lender that best suit your situation and goals. The idea is not to simply deliver a one size fits all service, but to listen and understand your unique situation.
When to consider a private mortgage
When acquiring a mortgage from a mainstream bank, a large amount of paperwork is required to prove income, current address, financial solvency and other factors. For some individuals, getting hold of this paperwork may not be easy, particularly if you are self-employed or live abroad. In these instances, a private mortgage lender could be the perfect solution.
Your credit score may also be a factor down when it comes to acquiring a loan, and a private mortgage can also be used to settle urgent debts by raising the funding you need.
For more information or to discuss your unique dreams and goals, give our skilled and experienced team of advisors a call.