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Our Products & Services |
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 Buying ore refinancing your own home will probably be the single biggest financial transaction you ever make. It should be an exciting experience but unfortunately, at times it can also be worrying. With such a large number of mortgages available, it is important to obtain Independent advice from a qualified adviser who will work for you, not for any one lender.
Your adviser will be able to provide you with a "Mortgage options agreement" - in as little as 24 hours! Our introductory service will put you in touch with to a full range of mortgage products available2nd Chance Mortgages; fixed, discounted, variable interest rates, First Homebuyers, Self-Certification, 100% mortgages and Fresh Start for people with a poor credit rating or adverse credit history.
What are your borrower needs?
| Our home loan that suit your needs | | Looking to purchase an investment property | Our Fight Back , Home Run , X and ZIP home loans are ideal for borrowers seeking to purchase a home or investment property. | Wanting to refinance, or reduce mortgage repayments?
| Our Fight Back and ZIP home loans are ideal for borrowers seeking to refinance an existing home loan to help pay off their home faster by making their money work smarter for them. Refinancing call also help reduce mortgage repayments. | Experienced borrowers upgrading to a new home
| Our Fight Back and X home loans have so many features and online access that they operate like a complete personal financial package for sophisticated borrowers looking to buy a home or investment property. | | Looking to construct or renovate a home | Our flexible Home Run and X home loans enable your customers to borrow for construction at a competitive variable rate. Then after the construction period, they can utilise full loan functionality and online access to manage their loan account. | | Self employed with minimal financials but ability to service a home loan | Our Home Run Lo Doc home loan enables your customers to borrow up to 60% of the property value (conditions apply). | | Wanting to access equity in a property | Our X and ZIP home loans enable your customers to access equity in a property for any worthwhile personal or investment purpose. | | Wanting to purchase a luxury property | Our Home Run home loan is ideal - with its flexible lending guidelines your customer can borrow larger amounts up to $5 million in value (maximum 75% LVR for over $2 million) on Full Doc. |
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100% Variable rate Loan “First Home Owners” |
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The 100% Variable Rate Loan has a slightly higher interest rate, but provides up to 100% financing with 5% genuine savings. Most lenders require buyers to have a 5-20% deposit on a new home. At 2nd Chance, we understand that there are people with reliable income and good credit who simply don't have that much money saved for a deposit. Others may have the money available in savings, but do not wish to drain their entire savings on a deposit. |
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Lo Doc |
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The “Lo-DOC” Lo Documentation Loan gives you the peace of mind of providing minimal documents, while still maintaining a low interest rate. We understand that some people don't always have access to every necessary document for a conventional home loan process. The Lo-Doc Home Loan can get the financing you need without full financial documentation and tax records, our Lo doc loans has the flexibility of being able to borrow up to 95% of the value of your home. |
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Credit Impaired |
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2nd Chance Mortgages are number one when it comes to non Conforming Mortgages referred to as Bad credit or credit impaired loan, 2nd Chance Mortgages s are here to help borrowers with an impaired or 'bad' credit history including judgments or defaults. Bad credit home loans may also be suitable for applicants who are currently in arrears on their existing loan and wish to refinance. 2nd Chance Mortgages understands your situation and doesn’t judge you.
2nd Chance Mortgages has a variety of credit impaired loans designed to suit borrower’s individual needs with flexible access to cost effective finance that may not have been possible using traditional lending institutions. Obtain more leverage, with less hassle and less cost than you ever thought possible, 2nd Chance Mortgages has the answer helping you when others can’t.
Mortgagee Repossession, at 2nd Chance Mortgages we all also assist clients who are about to loose their home, don’t settle for 2nd best and call 2nd Chance Mortgages today. |
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Standard Variable Loan |
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This is the most popular home loan in Australia. The interest rate on these loans varies at anytime depending on the market forces. The features of a Standard Variable rate loan vary dependant on the individual lender but these loans generally offer an offset facility, redraw facility, no limits on additional repayments and in most cases no early pay-out penalties. A standard variable loan can usually be combined with other types of loans and are ideal for the borrower wishing to pay their home off sooner rather than later. |
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Discount Variable Loan |
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A discount variable rate loan generally offers an introductory low rate for an initial period of time (usually 12 months) after which most interest rates will revert to the Standard Variable Rate. A discount variable loan is attractive for the borrower wishing to take advantage of the lower interest rated period before taking up the features and advantages of a Standard Variable Rate Loan. |
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Fixed Rate Loan |
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Fixed rate loans are funds lent over a set term at a set interest rate. This gives the borrower the certainty of knowing exactly what their monthly repayments will be should their circumstances change. Some lenders may impose early repayment penalties if you make a lump sum reduction to your loan or you pay the loan out in full. However a fixed rate loan is ideal in a rising interest rate market as this guarantees you of your interest rate and repayments for a set time. |
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Renovators Home Loan |
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Renovating your home is a real possibility with our Construction Loan. You can use the equity in your home you already own, with the flexibility to choose from our whole range of home loan products after that, your dream is already a more affordable reality |
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Construction Home Loan |
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Building your dream home is now a real possibility with our Construction Loan. You can use it to buy the land on which to build or to build a home on land you already own. With a competitive variable interest rate that applies during the construction period, and the flexibility to choose from our whole range of home loan products after that, your dream is already a more affordable reality |
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Loan Features |
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Interest Only An Interest Only Repayment Facility is usually available on Investment Loans. The interest is calculated on the original borrowed amount and requires no principal reduction. An ideal borrower is an Investor looking to maximize his tax & negative gearing benefits by simply paying the interest on the loan. Redraw Facility When a borrower pays extra or additional repayment on their home loan they have the ability to redraw or withdraw the extra repayments that they are in advance. A Redraw Facility works similar to an, 'all-in-one' facility. The borrower deposits all of your income and savings into the loan and then they can withdraw the money from the home loan account for all your day-to-day expenses. Another excellent way to save interest on your home loan is to make your day-to-day purchases on an Interest Free Credit card and 'redraw' the full balance of the card at the end of the interest free period to pay the card off in full. Split Loans A split loan is ideal for a borrower who wishes to have two loan products rather than one. An example is a borrower who wants to take advantage of fixed rate loan products in combination with a variable rate loan product. The borrower can fix in portion of their loan to provide stability of interest rate and repayment but still allowing themselves the flexibility to make additional and lump sum repayments on the variable portion of the loan.
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100% Obligation Free |
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We are an independent - this means that our advisers are not tied to any one lender, and that they will act for you when arranging a mortgage and not the lender. They are only interested in finding the most appropriate mortgage to meet your needs. In fact we let you choose your product.
Do you want all the benefits and features of a qualified, professional mortgage adviser who will act for you? Please complete the online enquiry form. For further information on the service offered through 2nd Chance Mortgages please contact us .
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Home Loans
