Bad Credit Mortgage & Second Mortgage Toronto, Private Home Loans in Toronto, Canada Wide Financial,


Home Loans Made Easy through Canada Wide Financial

It is disappointing and discouraging when lenders fail to approve you for a home loan in Toronto. If less than perfect credit affects your ability to get a first or second mortgage, we can help you secure the funds you need to purchase the home of your dreams.

We Qualify You When Other Lenders Do Not

Many of today’s banks and financiers have long lists of qualifications that are difficult for most people to meet. Fortunately, here at Canada Wide Financial, we do things differently when it comes to home loans in Toronto. We can qualify you for a loan in several ways, including an evaluation of your employment and income, or even of the equity in your existing home. When other lenders say no, we can help you secure a private home loan.

A Simple Process

To find out if you qualify for a private home loan in Toronto, simply fill out an application. Our underwriters will review it the very same day, and you could receive approval in as little as four to 12 hours. There are no application fees, and in the event that there is an appraisal fee, we will notify you in advance. There are no long wait times, and you will never feel left in the dark.

No Credit? No Problem

Although traditional lenders rely almost exclusively on your credit score to determine your eligibility for home loans in Toronto, we do not. In fact, we use various other criteria, including your job, your length of employment, and your income as qualifiers to help you find the funds you need. We can even help you acquire funds for a second mortgages even if you have an open bankruptcy.

The Right Private Loan for Your Needs

Whether you are interested in home loans in Toronto for bad credit, second mortgages, private mortgage refinancing, or even debt consolidation based on the equity in your home or property, we can help. We can even stop foreclosures, assist in bridge financing, and work with clients who have declared bankruptcy. Despite what other lenders say, we will work with you to discover the best solutions for your unique situation.

If you need private home loans in Toronto, look no further than Canada Wide Financial. When other lenders turn you down, do not feel discouraged. Simply fill out our application, and one of our friendly, helpful representatives will contact you within 24 hours.


What Is a Streamline Refinance, The Truth About, refinance second mortgage.#Refinance #second #mortgage


What Is a Streamline Refinance?

Refinance second mortgage

Mortgage Q A: “What is a streamline refinance?”

While qualifying for a mortgage refinance is generally a lot harder than it has been in the past (now that lenders actually care how your mortgage performs), there are less cumbersome options available.

In fact, many lenders offer “streamlined” alternatives to existing borrowers to lower costs and make refinancing more accessible.

Plenty of banks out there have their own “streamline refinance” programs that come with looser credit scoring requirements, easier income and asset verification, and limited paperwork.

And in some cases, you don’t even need to order an appraisal. Put simply, a streamline refinance takes a lot of the legwork (and time) out of the process, and may increase your chances of approval.

However, streamline refinances also come with their own list of requirements, namely that the refinance has a “net tangible benefit.” In other words, it should help the homeowner, not just put money in the pocket of the loan originator.

This generally means that the mortgage rate should drop by an amount that will eclipse any related fees, and/or that the loan is converted from an adjustable-rate mortgage to a fixed-rate mortgage.

Streamline Refinance Guidelines

Here s a condensed list of possible streamline refinance guidelines and rules:

  • Must be current on your existing mortgage
  • Refinance must clearly benefit the borrower
  • No cash out allowed
  • Limited income/asset verification
  • Minimal credit requirements
  • Less paperwork
  • Faster processing
  • Lower closing costs
  • No appraisal necessary

*Keep in mind that these guidelines can vary widely from bank to bank, and not every lender will offer a streamline refinance, or approve you if they do.

FHA Streamline Refinance

Perhaps one of the most popular and well-known streamline refinance options out there comes courtesy of the FHA. In fact, the FHA has permitted streamline refinances since the early 1980s. Of course, they ve become much more popular lately thanks to the mortgage crisis.

They make it easy to refinance your mortgage to a lower mortgage rate, without the need for an appraisal, many of which happen to come in low these days.

And with no credit scoring requirement and limited documentation requirements, most borrowers can qualify for a streamline refinance quite effortlessly, even if they don t have adequate income, assets, or employment. The idea here is that a borrower with smaller monthly mortgage payments is a less risky borrower, which is good for the hard-hit FHA.

There are just a handful of simple requirements necessary for approval. As long as your existing mortgage is an FHA loan and in good standing (not delinquent), and the refinance will result in a lower monthly mortgage payment (or you’re converting your ARM to a FRM), you should be good to go. The only thing you really need to worry about is the seasoning requirements, including the following:

you must have made at least six (6) payments on the FHA-insured mortgage before refinancing

six (6) full months must have passed since the first payment due date of the original mortgage

210 days must have passed from the closing date of the original mortgage

Also note that no cash out can be taken out via a FHA streamline refinance. Only rate and term refinances work here.

However, you can get your hands on a no cost refinance, meaning you won’t necessarily need to pay out-of-pocket expenses, but you ll be stuck with a higher interest rate in return.

This is common because the FHA doesn t allow lenders to roll closing costs into the new mortgage amount on a streamline refinance without an appraisal.

Finally, because no appraisal is required, the FHA streamline refinance is an excellent option for those who are underwater on their mortgages.

Tip: President Obama recently lowered mortgage insurance premium costs on FHA Streamline Refinances to help more borrowers take advantage of the record low mortgage rates currently on offer.

VA Streamline Refinance

The FHA isn’t the only one offering streamline refinances. The VA also offers a streamlined “VA loan to VA loan” refinance, known as an “Interest Rate Reduction Refinancing Loan,” or IRRRL for short.

Yes, that’s a lot of “R’s,” but a VA streamline refinance is easy to execute and can save you a lot of money now that mortgage rates are so low.

The same basic rules apply. Your refinance must result in a lower interest rate, or you must switch from an ARM to a fixed-rate mortgage, and no cash out is permitted.

The VA does not require an appraisal or a credit underwriting package, and you have the option of rolling the refinance costs into the new loan or opting for a no cost refinance.

Additionally, a Certificate of Eligibility from the VA is not required, making a refinance a snap compared to the usual process.

HARP Streamline Refinance

You may have also heard of HARP and HARP 2.0, a streamlined loan program that allows underwater homeowners to refinance their mortgage, no matter how high their loan-to-value ratio (LTV) is.

The same simple qualification requirements (or lack thereof) apply here, though your loan must be owned by Fannie Mae or Freddie Mac, and must have been sold to the pair on or before May 31, 2009.

Additionally, your current LTV must be north of 80%, which isn’t a problem for most homeowners these days.

Finally, you must be current on your mortgage at the time of refinance, with no late payments in the past six months and no more than one late payment in the preceding 12 months.

Assuming you qualify, you should be able to get your hands on a much lower mortgage rate, even with an excessively high LTV, all with limited fees and closing costs.

Is Streamlining Your Refinance the Best Deal?

While a streamline refinance may be your easiest option, it may not be the best choice for you.

Whenever you’re in the market for a refinance, it’d be wise to take the time to shop around.

That means looking beyond your current lender and/or loan type to see if there’s something better out there.

You may find a lower mortgage rate with a new lender that will justify a more lengthy qualification process.

Sure, it can be a pain to refinance your mortgage, but the savings afforded each month and over your lifetime should definitely be worth your time.


Mortgage Lenders for Refinance, Home Loans for All Credit, refinance second mortgage.#Refinance #second #mortgage


Mortgage Lenders Offer Great Refinance and Home Loan Solutions for People with All Types of Credit

BD Nationwide provides a site for competitive 1st and 2nd mortgage loans for cash out refinancing, consolidation, first time home buying and much more. Our lender partners offer exclusive programs featuring 15 and 30-year home loans for VA, FHA, second mortgage and purchase money transactions. Visit our online marketplace where consumers get matched with prime lenders that specialize in credit lines, equity loans, fixed rate refinancing and home buying mortgages.

Refinance second mortgage

Refinance second mortgage

Refinance second mortgage

Refinance second mortgage

Are you looking for mortgage lenders that offer competitive rates and great customer service? Let us connect you with lenders that can help you find the most attractive equity loans and home refinancing programs available. Find out how renters become homeowners from 100% financing and affordable purchase mortgages. It is still an excellent time to compare our lenders that recently introduced more aggressive guidelines on the first-time house buyer loans and mortgage refinance programs as well. Freddie Mac says, “the fixed 30-year rates may be a once in a life time opportunity to lock into a record low interest mortgage.” Rates on purchase, equity loans and mortgage refinancing may never be this low again. With house financing this affordable, it could be very risky to assume that interest rates will continue to fall any further. Standard mortgage refinancing with cash back options remain aggressive with home equity loans and credit lines. Ask your loan officer for specific product requirements, eligibility and FHA guidelines, limits and current rates).

Get More Info on Mortgage Refinance and Home Equity Loans for All Types of Credit!

BD Nationwide Mortgage has maintained its corporate headquarters in Southern California since 2001, but our lending partners have expanded to all 50 states to offer prime, jumbo, government and subprime mortgage loan services to consumers nationally. We recommend that homeowners take advantage of the Federal Reserve’s record low-rates for equity loans, credit lines, and second mortgage refinancing. If your property has lost some of its value, or you are having difficulty qualifying, ask one of our lending specialists about the latest underwater and second chance loan solutions. Whether you need a loan to purchase a new home or disclosures for secure mortgage refinancing with fixed interest rate, BD Nationwide can match you with lenders that have the experience you need when searching the best home mortgage loan online.

Refinance second mortgage

BD Nationwide will unite you with experienced lenders that have assembled talented staffs in an effort to meet your financial needs. We provide outside of the box 1st and 2nd loan opportunities that maximize the best refinancing mortgages that are available with your credentials. Second When you are shopping online for home refinance loans then consider some of the new programs that may best your needs. We have found that most consumers are looking for mortgages that will not only save them money up-front but also on an annual basis as well.

Many borrowers have significantly improved their financial state after refinancing their high interest revolving credit cards and consolidating their adjustable rate debt together into a reduced payment that is accompanied by a fixed, simple interest loan. So, submit your request for more information today and take advantage of BD Nationwide’s excellent customer service.

We take great pride in introducing you to competitive mortgage lenders for refinance and home buying. Whether you need a no doc mortgage or a bad credit HELOC, we have the perfect system to match you with experienced lending professionals tailored best to meet your needs. Our goal is to always provide you with the best opportunities while meeting your needs with diverse lending products.

Compare Competitive Mortgage Lender Quotes on No Cost Home Refinance Loans

If you have a variable rate credit line, we recommend a 2nd mortgage refinance because the rate is fixed and each payment you make would go towards principal and interest rather than just interest like it is with HELOCs. According to Kevin Margulies, an IHE executive, Now more than ever, homeowners should seek the expert advice from the ‘Mortgage Lenders from BD Nationwide. Our affiliated lenders continue to post competitive home equity rates. Even if you have been denied a loan approval, we suggest you ask about mortgages for bad credit as new programs are released all the time. The hard money and subprime programs aren’t the only opportunities to see home loans for people with bad credit, as FHA continues to take risks.

Refinance second mortgage

Check pricing now from trusted banks, lenders and brokers: Second Mortgage Rates, FHA Mortgage Rates Today


Second Mortgage vs, second mortgage rates.#Second #mortgage #rates


Second Mortgage vs. Home Equity Loan

Second mortgage rates

It’s time for another installment of “mortgage match-ups.”

Today’s match-up: “Second mortgage vs. home equity loan.”

This is an epic battle of the junior liens, which while subordinate to their first mortgage brethren, can still hold their own in a fight.

But in this duel, we’re probably doing more to “clear things up” than we are comparing two loan programs.

Are second mortgages and home equity loans the same?

You see, when it comes down to it, most second mortgages are home equity loans. And vice versa.

So if you hear someone talking about one or the other, they could be talking about the same thing.

This is further complicated by the fact that most home equity loans are HELOCs, or home equity lines of credit.

You should be, considering the ambiguity of it all…let’s break it down.

Second Mortgages, HELOCs, Home Equity Loans

A second mortgage is any home loan that is subordinated behind (comes after) a first mortgage.

This could be a HELOC or a home equity loan.

A HELOC, as previously mentioned, is a line of credit. In other words, you get a home loan with a certain line of credit, or draw amount, which you can use kind of like a credit card.

HELOCs are tied to the variable prime rate, and thus are adjustable-rate mortgages.

After the draw period, the amount drawn upon must be paid back during the repayment period.

*Note that while a HELOC is often used as a second mortgage, it can also be a stand-alone first mortgage, taken out by the homeowner when their mortgage is free and clear, or to refinance an existing lien.

Finally there’s the home equity loan, which can refer to both a HELOC or a closed-end second mortgage.

A closed-end second mortgage is a home loan that operates similarly to a first mortgage in that it’s a fixed amount, not a line of credit.

Additionally, it can be a fixed-rate mortgage or an ARM. These are typically taken out as an alternative to a HELOC, especially as purchase-money second mortgages.

For example, a borrower can avoid paying mortgage insurance by taking out a first mortgage at 80 percent loan-to-value and a concurrent second mortgage for the remaining 20 percent.

Unfortunately, many banks and mortgage lenders use the phrase “home equity loan” and “HELOC” interchangeably, adding to the confusion.

To ensure you actually get what you want/need, ask the loan officer or mortgage broker to explain the terms of each loan product clearly.


Bank Mortgage Rates, second mortgage rates.#Second #mortgage #rates


Bank Mortgage Rates

Compare bank mortgage rates below and observe how they stack up against the best mortgage rates in the market. Whether you are considering using a bank or broker, a variable or fixed mortgage rate, from one to a ten year term, Ratehub.ca sources the best mortgage rates for every category and type of lender. Ratehub.ca is also a neutral source, neither a lender nor a broker, so we are able to provide you with unbiased guidance and education on obtaining the best mortgage to suit your needs.

Posted rates vs. best rates

When comparing bank mortgage rates it is important to know that these rates represent the banks’ posted mortgage rates. The posted rate is simply the rate that the bank is advertising publicly. However, banks often have the capacity to offer lower rates, which you can access either through negotiation or reaching out to a representative mortgage broker. Some banks offer rates several percentage points below what is posted, so do not get locked in to a higher market rate than is obtainable.

Bank rates vs. broker rates

As you may have noticed, bank mortgage rates are almost always higher than those of a mortgage broker. That is because mortgage brokers have access to rates from multiple banks and credit unions, as well as insurance and trust companies, so they can essentially “shop around” for you. Brokers also receive discounts from lenders based on the high volume of their business, which they then pass along to you. As a result, it is highly unlikely a bank will post a lower rate than a mortgage broker; however, if you present the lowest market rate to your bank as part of the negotiation process, they may offer to match it. Still, we do not recommend plotting the banks and brokers against each other to compete for your business.

Comparing bank mortgage rates

You may notice that in addition to the discrepancy of the posted mortgage rates between banks and brokers, there is also a considerable difference between the rates of many banks. So, for example a TD mortgage rate with a 5-year fixed term may be 0.5% lower than the BMO mortgage rate in the same category. This discrepancy is often standard pricing strategy based on desired market share, competition, and marketing policy.


Britain’s favourite specialist mortgage broker, Y3S: Specialist second charge mortgages, bridging loans and commercial loans,


Hello. We’re Y3S, Britain’s favourite specialist mortgage broker.

Since 2001, we’ve packaged billions of pounds of specialist first and second charge mortgage enquiries, bridging loans and commercial finance on behalf of financial intermediaries.

We like to think of ourselves as the superheroes of the industry, always on call for our introducers, ready to save the day and find funds for their clients with unusual needs or expectations.

As Britain’s leading specialist master broker we make it as simple as possible to get quotes.

First Charge Mortgages

Specialist first charge mortgages from the leading UK lenders.

  • ВЈ40,000 – ВЈ1m
  • Rates from 2.94%
  • Up to 80% LTV
  • 1st-time buyers, home movers & remortgages
  • Residential & buy-to-let

Learn more

Second Charge Loans

The best alternative to a remortgage or a further advance.

Bridging Loans & Finance

Boutique professional finance products for your clients.

  • ВЈ25,000 – ВЈ100m+
  • Rates from 0.44%
  • Up to 80% LTV
  • Short-term bridging loans up to 24 months
  • Development finance & auction finance

Learn more

Commercial Mortgages

Specialist commercial mortgages for businesses and landlords of any size.

  • ВЈ25,000 – ВЈ10m+
  • Rates from 0.44%
  • Up to 80% LTV
  • Long term, buy-to-let & HMO mortgages
  • Limited company mortgages

Learn more

  • Our services
  • First charge mortgages
  • Second charge loans
  • Bridging loans
  • Commercial mortgages
  • Company
  • About us
  • Our people
  • Careers
  • Contact us
  • Guides & resources
  • Second charge loans guide
  • Bridging loans guide
  • Loans Insider
  • Follow us
  • Y3S LinkedIn
  • @Y3SLoans
  • @Y3SBridging
  • @Y3SPClients

Second mortgage loans

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments made on your loan or mortgage. This website is exclusively for the use of professional financial intermediaries.

We’ve been packaging loans for financial intermediaries since 2001 so you can trust us to look after your clients but don’t take our word for it check out our Feefo customer service score of 4.7 out of 5 based on 147 reviews as of 11 October 2017.


Bad Credit Mortgage & Second Mortgage Toronto, Private Home Loans in Toronto, Canada Wide Financial,


Home Loans Made Easy through Canada Wide Financial

It is disappointing and discouraging when lenders fail to approve you for a home loan in Toronto. If less than perfect credit affects your ability to get a first or second mortgage, we can help you secure the funds you need to purchase the home of your dreams.

We Qualify You When Other Lenders Do Not

Many of today’s banks and financiers have long lists of qualifications that are difficult for most people to meet. Fortunately, here at Canada Wide Financial, we do things differently when it comes to home loans in Toronto. We can qualify you for a loan in several ways, including an evaluation of your employment and income, or even of the equity in your existing home. When other lenders say no, we can help you secure a private home loan.

A Simple Process

To find out if you qualify for a private home loan in Toronto, simply fill out an application. Our underwriters will review it the very same day, and you could receive approval in as little as four to 12 hours. There are no application fees, and in the event that there is an appraisal fee, we will notify you in advance. There are no long wait times, and you will never feel left in the dark.

No Credit? No Problem

Although traditional lenders rely almost exclusively on your credit score to determine your eligibility for home loans in Toronto, we do not. In fact, we use various other criteria, including your job, your length of employment, and your income as qualifiers to help you find the funds you need. We can even help you acquire funds for a second mortgages even if you have an open bankruptcy.

The Right Private Loan for Your Needs

Whether you are interested in home loans in Toronto for bad credit, second mortgages, private mortgage refinancing, or even debt consolidation based on the equity in your home or property, we can help. We can even stop foreclosures, assist in bridge financing, and work with clients who have declared bankruptcy. Despite what other lenders say, we will work with you to discover the best solutions for your unique situation.

If you need private home loans in Toronto, look no further than Canada Wide Financial. When other lenders turn you down, do not feel discouraged. Simply fill out our application, and one of our friendly, helpful representatives will contact you within 24 hours.


Second Mortgages: Basics, Pros, and Cons, second mortgage.#Second #mortgage


Second Mortgages – Advantages and Disadvantages

Second mortgage

A second mortgage is a loan that lets you borrow against the value of your home. Your home is an asset, and over time, that asset can gain value. Second mortgages, also known as home equity lines of credit (HELOCs) are a way to put that asset towards other projects and goals.

What is a Second Mortgage?

A second mortgage is a loan that uses your home as collateral – similar to a loan you might have used to purchase your home.

The loan is known as a “second” mortgage because your purchase loan is often the first loan that is secured by a lien on your home.

Second mortgages tap into the equity in your home, which you might have built up with monthly payments or through market value increases.

Loans can come in several different forms.

Lump sum: a standard second mortgage is a one-time loan that provides a lump sum of money you can use for whatever you want. With that type of loan, you’ll repay the loan gradually over time, often with fixed monthly payments. With each payment, you pay a portion of the interest costs and a portion of your loan balance (this process is called amortization).

Line of credit: it’s also possible to borrow using a line of credit, or a pool of money that you can draw from. With that type of loan, you don’t ever have to take any money – but you have the option to do so if you want to. You’ll get a maximum borrowing limit, and you can continue borrowing (multiple times) until you reach that maximum limit.

Like a credit card, you can even repay and then borrow again.

Rate choices: depending on the type of loan you use (and your preferences), your loan might come with a fixed interest rate that helps you plan your payments for years to come. Variable rate loans are also available and are the norm for lines of credit.

Advantages of Second Mortgages

Loan amount: second mortgages allow you to borrow a large amount. Because the loan is secured against your home (which is generally worth a lot of money), you have access to more than you could get without using your home as collateral. How much can you borrow? It depends on your lender, but you might expect to borrow (counting all of your loans – first and second mortgages) up to 80% of your home’s value.

Interest rates: second mortgages often have lower interest rates than other types of debt. Again, securing the loan with your home helps you because it reduces the risk for your lender. Unlike unsecured personal loans like credit cards, second mortgage interest rates are commonly in the single digits.

Tax benefits: in some cases, you’ll get a deduction for interest paid on a second mortgage. There are numerous technicalities to be aware of, so ask your tax preparer before you start taking deductions. For more information, learn about the mortgage interest deduction.

Disadvantages of Second Mortgages

Of course, life is full of tradeoffs. Be aware of the pitfalls of using a second mortgage. The costs and risks mean that these loans should be used wisely.

Risk of foreclosure: one of the biggest problems with a second mortgage is that you have to put your home on the line.

If you stop making payments, your lender will be able to take your home through foreclosure, which can cause serious problems for you and your family. For that reason, it rarely makes sense to use a second mortgage for “current consumption” costs such as entertainment and regular living expenses – it’s just not sustainable or worth the risk.

Cost: second mortgages, like your purchase loan, can be expensive. You’ll need to pay numerous costs for things like credit checks, appraisals, origination fees, and more. Even if you’re promised a “no closing cost” loan, you’re still paying – you just won’t see those costs transparently.

Interest costs: any time you borrow, you’re paying interest. Second mortgage rates are typically lower than credit card interest rates, but they’re often slightly higher than your first loan’s rate.

Ready to start building wealth? Sign up today to learn how to save for an early retirement, tackle your debt, and grow your net worth.

Second mortgage lenders take more risk than the lender who made your first loan. If you stop making payments, the second mortgage lender won’t get paid unless and until the first lender gets all of their money back.

Common Uses of Second Mortgages

Choose wisely how you use funds from your loan. It’s best to put that money towards something that will improve your net worth (or your home’s value) in the future – because you need to repay that loan.

  • Home improvements are a common choice because the assumption is that you’ll repay the loan when you sell your home with a higher sales price
  • Avoiding private mortgage insurance (PMI) might be possible with a combination of loans – just make sure it makes sense compared to paying – and then canceling – PMI
  • Debt consolidation: you can often get a lower rate, but you might be switching from unsecured loans to a loan that could cost you your house
  • Education: as with other situations, you’re creating a situation where you could face foreclosure. See if standard student loans are a better option

Tips for Getting a Second Mortgage

Shop around and get quotes from at least three different sources. Be sure to include the following in your search:

Get prepared for the process by getting money into the right places and getting your documents ready. This will make the process much easier and less stressful.

Beware of dangerous loan features. Most conventional loans do not have these problems, but it’s worth keeping an eye out for them:


Mortgage Brokers Auckland Home Loan and Mortgage Arrears, second mortgage lenders.#Second #mortgage #lenders


NON BANK, because you can’t always bank on your Bank!

Second mortgage lenders

The term “Non Bank”, “NonBank” or “Bank Alternative” quite simply means those lenders who are involved in the business of providing finance, but are not the registered Banks like ANZ Bank, ASB Bank, HSBC, Kiwibank, Bank of New Zealand, Rabo Bank, TSB & Westpac.

Non Bank lenders therefore includes recognised names like Sovereign AMP, who are both also leaders in Insurance, Resimac Home Loans and Building Societies such as Napier and Wairarapa.

These institutions compete head to head with the Banks for Non Bank home loans and commercial property finance, with competitive interest rates for loans. Potential non bank home loan clients will generally require 10% mortgage deposit of which 5% is ideally savings, a good credit history, income that can be clearly demonstrated by pay slips or financial accounts, well conducted cheque accounts, with overdraft limits being respected, and any loan payments always met when due.

Second mortgage lenders

There are also less well known non bank lenders who will consider second tier, non bank, may be even bad credit loans, that may not quite fit main stream banks or first tier lenders credit criteria. This could either be a first or second mortgage for buying, building or refinancing a property and this may be an owner occupied home loan, a residential rental investment or for commercial use. These lenders tend to focus on the areas with a larger population base such as Auckland and Wellington and other provincial centres such as Hamilton, Tauranga, New Plymouth, Palmerston North, Taupo, Nelson, Christchurch and Dunedin.

Non Bank lenders, can also be known as subprime, bank alternative or second tier lenders , this category will include Solicitor Nominee Funds, Group Investment Funds, Finance Companies, Mortgage Trusts, and Private Lenders. Often our borrowers in this category may have difficulty proving income or require funding, with an interest buffer included in the loan, for a specific project or pending sale of a property.

These non bank home loan, second tier nominee lenders will typically provide shorter term home loan and commercial property finance facilities, for purchases or refinancing, but have more flexibility to structure a loan, so that it fits the purpose that you require, rather than complying with the policy of a faceless back office credit department that you have no access to.

We have the benefit of being able to present your loan direct to the decision makers, explaining any issues such as, gifted deposit, bad credit, hard to show income, missed repayments, rather than you trying to negotiate your way through layers of bureaucracy.

Whilst NonBk Ltd is based in Orewa, just 10 minutes North of Albany, Auckland, and I tend to look after this area, including Whangaparaoa, Millwater, Stillwater, Helensville, Warkworth, Wellsford, Whangarei and North, we also have Advisers in Central, South, East and West Auckland. We also provide a remote service using phone fax, phone, scan and email and this covers areas pretty much everywhere, such as Tauranga, Rotorua, Taupo and New Plymouth in the North Island and Nelson, Blenheim, Christchurch, West Coast, Queenstown and Invercargill in the South Island. With internet and email being a global service we also help people in Australia, America, China and Europe and have even helped new clients from France with an urgent loan that was approved and settled within 5 days. The phone calls were at 2 am in the morning NZ time!

Note: Sometimes you can access funds in your KiwiSaver account to assist with a deposit on a home. It is important to realise though that this may impact on your longer term savings. This should always be discussed with your KiwiSaver provider or Authorised Financial Adviser. As a Registered Financial Adviser I am unable to advise on Investment products.

We encourage you to spend a little time at our non bank site for infomation on:

If you then decide you want some more non bank information or advice we will be pleased to assist. We encourage you to use our online enquiry form as this will assist you to provide the key information required, so we can quickly give you the help you are looking for.


Security Federal Savings Bank, second mortgages.#Second #mortgages


second mortgages

Second mortgages

Second mortgages

Second mortgages

Second mortgagesSecond mortgages

Second mortgages

Second mortgages

Second mortgages

Second mortgages

Second mortgages

Second mortgages

Second mortgages

  • Conventional loans – This type financing features long term mortgages with a fixed rate.
  • Federal Housing Administration (FHA) – This loan offers the benefit of a low down payment.
  • Veterans Administration (VA) – VA loans make financing available to borrowers with at least six months active duty and fixed rate financing on long term mortgages.
  • USDA Rural Development Guaranteed Loan – The USDA loan is geared toward the Low to Moderate income borrowers. It is excellent for first time home buyers, with 100% Financing, with a low fixed rate. Income limits do apply and the term is for 30 years.
  • Tennessee Housing Development Agency (THDA) – This loan is for first-time home buyers or buyers who have not owned a home within the past three years and offers a lower fixed interest rate on long term mortgages.

Second mortgages

Second mortgages

Second mortgages

Second mortgages

Second mortgages

Second mortgages

Second mortgages

Equal Housing Lender

Second mortgages

Second mortgages