A Second Mortgage loan is secured by a registered 2nd mortgage on real estate properties. Noble loans are specialised in providing innovative Second Mortgage loan products Australia wide. If you are having equity in your residential or investment properties, you can apply for a second mortgage loan through Noble Loans. And we can provide the funding to you as fast as 24 hours. 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 are here to help if you wish to release more funding for your business needs. And Noble Loans do not require you to take out LMI if you apply for a second mortgage loan. We only require a minimal amount of documents to be submitted. Banks are so conservative in providing a second mortgage loan to you and they normally implement strict and tough lending criteria. But luckily, the experienced mortgage expertise at Noble Loans will do the hard job for you! What you need to do is simply, apply for a second mortgage loan now! We provide the 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 away by banks and other lenders. However, Jamie applies for a second mortgage loan through Noble Loans, he was able to release the equity and borrow $10,000 to pay his contractors.