Get more from your property:

Second Mortgage 
Loans in Australia

Turn the equity on your property into new opportunities with Simply Funds.

Simply FundsSecond Mortgages

2nd Mortgage Loans: A smart financial move!

As a business owner, do you have potential or financial issues that call for a substantial infusion of capital? The answer to your financial demands can be closer than you think if you're a homeowner in Australia. We understand that navigating the difficulties of obtaining more finances may be an uphill struggle, particularly if you already have an existing mortgage. Although they are an alternative, traditional business loans sometimes have interest rates that are far higher than your first mortgage and may take longer to be approved.

At Simply Funds, we introduce you to a game-changing financial tool – the second mortgage loan. It allows you to use your home equity to access additional funds for a variety of purposes, including business ventures.

What makes this option particularly appealing is the favourable interest rate. Rather than paying a premium for an alternative loan, second mortgage loans allow you to borrow at a rate comparable to your primary home loan.

Enquire now

Leverage Your Property’s Potential with a 2nd Mortgage

A second mortgage allows you to tap into the equity of your property, offering a strategic financial solution for business owners. At Simply Funds, we specialise in second mortgage loans that provide quick access to funds, enabling you to leverage your property’s value for business expansion, large-scale purchases, or urgent financial needs.

A second mortgage solves immediate financial needs and helps improve your credit profile. Maintaining consistent repayments enhances your company’s economic standing, opening doors to more favourable financing terms.

Apply now

Why Choose Simply Funds for Your Second Mortgage?

At Simply Funds, we prioritise your business’s needs and growth. We understand the importance of fast, flexible financing solutions, especially for corporations looking to leverage their property's equity effectively and securely with a second mortgage.

Responsive & Reliable Financing

As a leader among second mortgage lenders, we focus on delivering responsive and reliable service. This is complemented by fast approvals and disbursements of funds, minimising the gap between application and access to resources. Forget about the red tape and extensive paperwork. Our straightforward application process allows you to apply and receive approval quickly. This efficiency is essential for businesses aiming to capitalise on opportunities without delay or for those that require immediate solutions to pressing financial challenges.

Tailored Solutions for Business Growth

Our second mortgage loans are designed with your business in mind. We stand out by offering customised loan solutions that cater specifically to your financial situation. Whether you need to manage ATO debt, fund projects with property development loans, or consolidate debts, our solutions provide the necessary capital without disrupting your existing mortgage setup. Our team works closely with you to understand your business objectives and financial condition, ensuring that the loan package we offer aligns perfectly with your needs.

Knowledgeable & Expert Guidance

Our expert advisors are here to guide you through every step of the second mortgage process. From initial inquiry to final funding, we provide clear, actionable advice to help you make the best decisions for your business. We ensure you feel supported and informed throughout your journey with us.

Versatile Financing

Simply Funds understands that every business’s needs are unique. We offer various lending options, including secured business loans and non-bank loans that complement our second mortgage offerings. For companies with specific needs, our caveat loans and construction loans provide additional flexibility and funding options to ensure no opportunity is missed.

Enquire now

Apply For a Second Mortgage Today

Funding challenges should not hinder your business’s potential. Apply for a second mortgage with Simply Funds today and secure the financial support you need to grow and succeed. Our dedicated team is ready to provide expert advice and tailored financial solutions aligned with your business objectives. Contact us today and discover how our second mortgage options can help you achieve your business goals with confidence and ease.

Why opt for Second Mortgages?

Second mortgages provide a plethora of chances to improve crucial aspects of your business, ranging from monetary stability to technology developments, operational effectiveness, and marketing activities. Here's why they are worth considering:

Invest in business
assets

Second mortgages may be a useful tool for business owners wishing to start or expand their enterprise. These loans offer quick access to money that can be used for marketing, equipment, or business operations.

Boost operating
cash flow

2nd mortgage loans can provide the injection of capital needed to maintain healthy cash flow for your business operations.

Debt
consolidation

By tapping into your home equity, you can consolidate high-interest debts, ultimately reducing financial strain.

Preserve primary
mortgage

Second mortgages enable homeowners to obtain funds without refinancing their primary mortgage, preserving the principal. This implies that companies may still acquire new cash while keeping their current advantageous conditions and interest rates.

Diverse loan
options

Homeowners may customize their second mortgage by selecting from a variety of second mortgage products, such as a home equity loan and home equity lines of credit (HELOCs).

2nd Mortgage Loan with Simply Funds

At Simply Funds, we recognize that your financial demands might not always be met by traditional loan solutions. Because of this, we focus on providing ground-breaking solutions that connect borrowers and traditional lenders. As private lenders and second mortgage lenders, we take great satisfaction in offering a distinctive financing strategy. Our loans come with distinct advantages:

Bad Credit OK

We understand that credit histories can vary. At Simply Funds, we're here to help, even if your credit score is less than perfect, we offer credit-friendly solutions, plus no credit checks.

Easy Application

Our application process is intended to be quick and easy. Enjoy a hassle-free approval procedure that saves you significant time and effort by bidding farewell to the inconveniences of paperwork.

Competitive Rates

Compared to other loan options, we provide a competitive interest rate for our second mortgage home loans, guaranteeing that your financial stress is reduced.

Flexible Financing

Our loans feature a flexible line of credit-type facility. You'll only pay interest on the funds you use, giving you the financial flexibility you need.

Substantial Support

With loan-to-value ratios (LVRs) of up to 70-75%, we provide substantial financial support to help you achieve your goals.

Quick Access

Experience swift loan settlement with Simply Funds. You can access the funds you need promptly, ensuring you can fuel your business ventures without unnecessary delays.

Our team of experts are on hand to share their knowledge and expertise of the second mortgage business. They can help you make the right financial decisions.

Second Mortgages – (FAQs)

What is a second mortgage?

A second mortgage is a loan that lets you use the equity in your home as collateral while your primary mortgage remains untouched. This type of loan is secured by the equity you’ve built up in your property, making it possible to access additional funds for large expenses or investments. The amount you can borrow through a second mortgage depends on several factors, including the equity in your home, your credit history, and your ability to repay the loan.

How can I use a second mortgage?

A second mortgage provides flexibility and can be used for several purposes. Homeowners often use it for large-scale renovations that can increase the value of their homes. They’re also an option to fund expenditures like education or medical bills or to consolidate high-interest debts, which can simplify finances and reduce monthly payments. Businesses also use second mortgages to obtain capital for expansion or to bridge cash flow gaps.

What are the advantages of a second mortgage?

Thanks to the security your home equity provides, a second mortgage lets you borrow a significant amount of money at relatively low interest rates compared to unsecured borrowing options. Depending on how the funds are used, you may also benefit from more favourable repayment terms and tax-deductible interest. It also doesn't affect your primary mortgage, so you can keep any favourable terms you currently have while accessing additional funds.

Who is eligible for a second mortgage?

Homeowners with sufficient equity in their property are eligible for a second mortgage. Your ability to borrow and the amount you can access will depend on the current value of your home minus any outstanding mortgage balances.

Lenders will also assess your ability to repay the loan by looking at your credit score, employment history, and debt-to-income ratio. Homeowners who meet these criteria and need additional funds find this type of loan especially useful. Throughout the process, it’s crucial to have a clear repayment plan, as your home is used as collateral, which adds an element of risk if the loan is poorly managed.

Simply Funds latest articles

Check if you qualify for a Simply Funds business loan
today

Clear your ATO debt with Simply Funds
today.

We’ll assess your application fast and get you an answer (and the funds you need) quickly.
Simply select the amount you're looking to borrow, click on the button below and fill out the
form. Our friendly team will respond to your enquiry as soon as possible.

How much do you want to borrow?

A Bizcap provides both Unsecured and Secured loans to Small Business Owners. When assessing a loan application Bizcap generally doesn't take into consideration if a prospective customer has specific assets to provide as security. However:
(a) if the loan amount is above $30,000 (or any other figure which Bizcap determines from time to time), Bizcap will, under the loan agreement take a charge. For a corporate borrower and any corporate guarantor, the charge is over all of that entity's present and after-acquired property (that is. the security is not over specific assets but any and all assets which the entity may have). For a sole trader borrower and any individual guarantor, the charge is over its current and future real property; and
(b) in certain instances, for example, where the loan relative to the cash flow of the borrower is of a size that warrants the provision of security over specific assets. Bizcap may require specific security to be granted over those assets. Bizcop may register its security interest(s) under relevant legislation, including the Personal Properties Securities Register and the register held under the Real Property Act 1900 (NSW) or Its equivalent.
I n addition. Bizcap may take personal guarantees from directors of corporate borrowers, directors of corporate guarantors and certain individuals. No registrations are made in respect of guarantees.

Sydney Office

Level 12, 20 Bridge Street,
Sydney, NSW 2000

Melbourne Office

Level 16, 90 Collins Street,
Melbourne, VIC 3000

Gold Coast Office

Shop 5, 29 Queensland Ave,
Broadbeach, QLD 4218

Brisbane Office

Level 14/120 Edward St,
Brisbane City, QLD 4000

Perth Office

Level 2, 41-47 Colin St,
West Perth, WA 6005

Simply Funds operates an online information service that seeks to introduce Australian businesses to potential funders. Simply Funds does not provide any credit, financial products, or financial advice – either to individuals or businesses.

© 2024 Simply Funds. Web development by Dimo .