Second Mortgage Finance
We are able to arrange
second mortgage finance up to $50,000 for residential properties within New
Zealand.
Second mortgage
rates are currently 17%.
Principal & Interest Loans ONLY
3 Year Term
Clean Credit History ONLY.
Mortgage Brokers
may apply for second mortgages however it
should be noted that no commission is payable on the second mortgages.
Mortgage Brokers
must submit by email or fax......
1. First mortgage balance & supporting information including
last 3 months bank statements.
2. Borrower vehicle registration numbers.
3. Copy of drivers licenses at 200%
4. Copy of first mortgage offer letter.
All loans are subject to application, credit checks and lending criteria. Approval is not guaranteed.
Example
Repayment Table
Excludes establishment costs
| Loan Amount $ | Monthly | Fortnightly | Weekly |
| $10,000 | $356.53 | $164.07 | $81.93 |
| $20,000 | $713.05 | $328.15 | $163.87 |
| $30,000 | $1069.58 | $492.22 | $245.80 |
| $40,000 | $1426.11 | $656.30 | $327.74 |
| $50,000 | $1782.64 | $820.37 | $409.67 |
