Short Term Funds and Caveat loans made easy
Renovating properties is a common and often profitable way of increasing property value and unlocking more equity in your home. Often these projects can require fast turnaround short term funds to bridge the gap between your shortfall and your required capital to take on the project.
Get short term funds with a caveat loan
As short term funding specialists, we know how complicated it can be to put through traditional finance applications in time to meet your deadlines. That’s why we skip all the traditional red tape associated with a normal bank loan to deliver short term funds to you as quickly and as easily as possible.
One of the instruments we use to do this is known as a caveat loan. This is a temporary product which goes behind your first home mortgage and involves the use of a caveat on your property. This is then offered as security for the loan which means we can get you short term funds extremely quickly.
Moving house? Bridging finance can help
If you are selling your house or business premises, you may require bridging finance if your new property settles before your old one sells. In order to facilitate the sale, we can offer expert advice and a quick turnaround on short term funding for your sale. We can lend between 70-75% LVR on residential property and 65% on commercial at competitive interest rates.
Asset Lending vs Overdraft for Short Term Funding
When looking for a source of short term funds, banks will often try to establish an overdraft facility. This can be an appropriate tool to provide you with the appropriate funding for business or personal projects. However, if you have property assets, you can borrow against your asset either with a caveat loan or a second mortgage behind your primary one. This way you can completely avoid strict bank requirements and fees that these types of accounts typically attract.
Anyone with equity in their home can take a second mortgage or caveat loan to unlock short term funds to meet cash-flow or investment purposes. At Easy Settle Finance we can provide expert tailored advice about short term financial solutions and their suitability to your purpose. and we do it so easily!