Private Mortgages
Private Mortgages offer investors access to the diverse mortgage investment industry.
Private mortgage lenders also offer borrowers fast access to short term funds by offering up readily saleable real estate security at an LVR of no more than 85%. The Private Mortgage lender is becoming a more widely used and accepted way of obtaining funds. The Private mortgage lender generally has access to short term funds for second mortgage or private mortgage loans within a matter of days. These short term loans are available within days under asset lending credit conditions.
Asset lending is a great example of a private mortgage loan, credit requirements are generally less than that of non-conforming lenders as the private mortgage is generally secured solely by real estate with a second mortgage and personal guarantee.
Private Mortgage Interest Rates
1st Mortgages 2nd Mortgage
From 12%pa from 18%pa
Private Mortgage Definition
A private mortgage is a mortgage that is granted to a borrower using monies from privately owned sources. The sources of private mortgages can be from specialist brokers with networks of sophisticated investors or directly from high net worth individuals or business with surplus cash at bank looking for ‘better than retail’ returns.
Private mortgages can be secured in a number of ways, either by caveat or, more commonly – second mortgage. The second mortgage offers investors and lenders the best form of security if a first registered mortgage is unavailable.
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