Private
Mortgages

Private mortgages

Private Mortgages the Easy Way

Easy Settle Finance is a market leader in Private Mortgage products Australia wide. We offer a range of first ranking mortgages, second ranking mortgages, caveat mortgages, equitable mortgages and structured debt facilities to suit your needs.

Who does a Private Mortgage suit?

This product suits clients with equity in their property who are unable to go to the banks or simply do not have time to satisfy the red tape process. This product can be provided for business use or consumer use. For business use, serviceability is not an issue and it can usually be a pure asset lend. For consumer use there will be no financials needed however basic serviceability will need to be evidenced.

If your bank or lender has knocked you back, or if you have bad credit or you can’t jump the red tape or are simply looking for a no fuss funding solution Easy Settle Finance can facilitate a ‘Private Mortgage’ that suits you.

How quick are Private Mortgages?

A Private Mortgage lender can often act much quicker than a bank or institutional lender. When assessing a loan application a private lender will primarily look at the underlying security property. This is why we refer to the Loan as a ‘Private Mortgage’. If you have sufficient equity in the security a private lender will lend against the asset rather then the character or credit history of the borrower or the credit risk the borrower may pose (note that if the loan is a Consumer Loan the lender will in most cases require evidence of the borrower’s serviceability and income). At Easy Settle Finance we facilitate Private First Mortgage funding tailored to your needs.

A verbal approval can be given over the phone and an Indicative Letter of Offer is usually issued within 24 hours. The speed and accuracy of the information provided by you to Easy-Settle Finance will greatly affect the time it takes to settle a loan. We guarantee that you will have a quick and Easy turnaround!

Interest Payments.

Often interest can be prepaid for the term of the loan or capitalised for the life of the loan and the terms and conditions of the loan are clear and there are no hidden costs. This provides you with a hassle free funding solution with all the flexibility you may require.

Security and loan amounts

Our funding solutions require a mortgage over real estate security. The minimum loan is usually $20,000 and the maximum loan amount is usually $4,000,000. However larger amounts are available and we will consider a larger amount upon application.

Loan terms are generally between 3 and 12 months with longer terms available upon request. A Private Lender will generally lend upto 65% of the value of the security property (depending on the type and location of the property).

A verbal approval can be given over the phone and an Indicative Letter of Offer is usually issued within 24 hours. The speed and accuracy of the information provided by you to Easy-Settle Finance will greatly affect the time it takes to settle a loan. We guarantee that you will have a quick and Easy turnaround!

  • Non conforming Borrowers
  • Lo Doc / No Financials
  • Bad Credit
  • Time Poor
  • Asset Lends
  • Short Term Finance
  • Construction

On a private first mortgage our indicative rates are from approx 11% to 13% per annum and our loans typically will be up to a maximum of 65% Loan to Value Ratio (LVR).

Express Enquiry

  • If any, give brief details
  • If Applicable