1st Mortgages

1
1st Mortgages
A HomeSec Presentation
homesec.co.nz
2
What is 1st Mortgage
A 1st Mortgage is a type of loan that sits in
first position above all other loans that are
secured with that property.
If you have an existing mortgage on the property
e.g from a bank, the next loan you secure against
that asset would be a 2nd mortgage.
On unencumbered properties, the loan that is
secured with that asset would be a 1st mortgage.
3
Features of 1st Mortgage
Perfect for when you have an unencumbered
property and want to tap into some of the equity
Great for if you only need the funds for a
shorter or unique period of time to bridge a
financial gap
1st Mortgages work well in emergencies too when
you need a large amount of capital, fast
What more could you ask for?
4
Why is a 1st Mortgage Important
In the world of business today and with the
property landscape being what it is today, 1st
mortgages are a great tool. 1st mortgages allow
you to tap into equity (usually up to 75 of the
property value) of your property and utilise it
for other things whilst still retaining control
of that asset. So if you wanted to fund a
development project or pay a large bill or bridge
a short term financial gap, then a 1st mortgage
would be perfect.
5
Who is a 1st Mortgage for?
1st Mortgages are perfect for business owners who
need to get access to a large amount of funds
fast and have sufficient equity in their
property Because Small Business Lenders
specialise in specific funding solutions for
small businesses, you can be sure that the
service and loan youre getting will suit
you. Small Business Lenders (unlike banks) are
focused on small/medium sized businesses, so
their processes are all very similar allowing
these lenders to fund businesses faster.
6
The Myths of 1stMortgage
With us, no, there are no paper bags filled with
cash. No legitimate lenders do cash.
We can go off indicative interest rates but it
really depends on how youre been assessed
With rates and costs, any non-bank lender is
going to be higher than a rate quoted by a bank.
However, a bank takes longer to process and if
they see one hint of bad credit history, they
will decline you straight away. With private
lenders and brokers like brand NZ, we are
able to get you the best possible rate for Asset
Loan and get you the funds faster than the banks.
7
WE ARE HERE TO HELP NOW
Get started with our 2 minute application and the
process begins
You might have some clients who are declined by
UCFL's. We can help.
Any worthwhile business purpose, Cashflow,
Start-ups.
8
Looking for First Mortgage?
Look no further. Were here to help.
Click Here To Learn More...
homesec.co.nz