1st Mortgage Loans
STRATEGY I SOLUTIONS I INTEGRITY
Fixed interest rate from 8% pa, 3 months to 5 year terms, up to 65% LVR, cash out, credit problems ok.
Biz 1 has a panel of Private Lenders who specialise in this market.
We understand that some people want a simple process, quick settlement and in many instances
cash released with no questions asked.
We treat all enquiries with strict confidentiality and get the loan with the minimum of fuss.
For a top up loan above the 1st mortgage see our 2nd mortgage/caveat loan product.
Very simple process & speedy settlements
|Purpose||Any non regulated business purpose SMSF OK|
|Loan Amount||$20,000 to $3,000,000|
|Interest Rates||All fixed rates from 8%pa (for 50% LVR’s) individual circumstances
will be considered when pricing
|Term||Min 3 months Max 5 years (rates must be pre negotiated)
Terms may be rolled over indefinitely upon maturity, subject to
|Location||Victoria other States subject to security location|
|Serviceability||Self certified (for Low Doc)
Letter from the Borrowers/Guarantors Accountant confirming that
they have the capacity to meet the financial obligations of their
Loans without hardship
|Cash out||Yes – no restriction|
|Credit History||Unpaid defaults & judgements acceptable|
|Fees||Valuation, Legal, Loan Management & establishment fees are applicable
Fees will vary depending upon the Security offered and Loan size
You should budget for about 2% upfront and 0.25% ongoing