A Second Mortgage loan is secured by a registering a mortgage on top of an already existing mortgage loan by another lender. Here at Noble Loans, we specialise in providing innovative Second Mortgage loans across all of Australia. If you are currently receiving equity on your residential or investment properties, but are still in need of funding, you can apply for a second mortgage loan with Noble Loans. In as fast as 24 hours, the funds can be transferred into your account. For your peace of mind, we accept all types of real estate properties Australia wide.
Most of the Banks and financial institution limit your Loan to Value Ratio (LVR) to between 60 - 80% of the value of your property. Therefore, Noble Loans is here to help you if you wish to release more funding for your business needs. Noble Loans does not require you to take out a Lenders Mortgage Insurance (LMI) if you choose to apply for a second mortgage loan. For us, we require only a minimal amount of documents that needs to be submitted. Banks are so conservative in providing a second mortgage loan and have a strict and tough lending criteria. Luckily, with the aid of the expert specialist team here at Noble Loans, they will do all the hard job for you. All you need to do is simply, apply for a second mortgage loan now! We are a leading firm that provides an alternative solution to mainstream lending.
Jamie had a mortgage with a bank for $600,000 and the current market value of his house is $700,000. Jamie requires urgent funding to pay for his contractors. Because of the complexities of obtaining a second mortgage from another bank, he was turned down by the banks and other lenders. However, Jamie applied for a second mortgage loan through Noble Loans, and was able to release equity and borrow $10,000 to pay his contractors.Apply Now