Get A First Mortgage Loan in AU Of Up To $2M In 24 Hours!

The Alternate Business Funding Solution.

What are the features of first mortgage?

First Mortgage in Australia
  • A promissory note is signed by the borrower as a promise to repay the loaned amount as per the terms of the note.
  • A mortgage deed is also signed by the borrower; lender gains lien on the property. Should the borrower fail to repay the loan amount as per the terms of the promissory note, the lender can recover the payment by selling the secured property.
  • Should the borrower default, the lender gains primary rights over the property. The borrower is granted the right to retrieve full payment, before any other lenders secured by the same property are paid.
  • From a lender perspective, a first mortgage burdens the least risk in comparison to other mortgages

What is the difference between the
Australia first mortgage and second mortgage?

Australian First Mortgage
 
First Mortgage
Second Mortgage
An agreement between borrower and lender, borrower gets mortgage and lender obtains a lien on a property that is used as security for the mortgage.
A loan secured by the borrower on a property that has been mortgaged once already.
Generally used for property purchases
General use is for refinancing purposes or using it to obtain more money for other purposes
In the event of a default, first mortgage holder has primary rights of the secured property over the second mortgage holder
In the event of a default, second mortgage holder has secondary rights over the secured property to the first mortgage holder

The pro & con of the first mortgage loan?

Pros and Cons of the First Mortgage
 
Pros
Cons
- Interest rates are lower compared to unsecured loans
- Interest from mortgage loans are tax deductible
The ownership of the secured property is tied to the ability to repay the debt

Example of 1st Mortgage

Example of First Mortgage

Jacquline purchased a property valued at $280,000. In order to finance this property, she opted for a first mortgage loan. She placed a $60,000 deposit and chose to finance the remaining $220,000 with a first mortgage. Soon after, it came to her attention that she needed to repair damages in the house and borrowed $45,000 by way of the second mortgage.

However, Jacquline was then hit with financial struggles, and became unable to repay the loan. The first mortgage lender chose to foreclose on the mortgage and sold the property, which fetched only $230,000. The first mortgage lender has primary rights of the property, he will therefore receive $220,000 and only once he has been satisfied, will the remaining $10,000 be paid to the second mortgage holder. As the sale of the property did not bring enough proceeds to pay both the lenders in full, second mortgage holder will not receive the full claim.

Why first mortgage loans from Maxiron Capital better?

Here at Maxiron Capital we place upmost pride in ourselves to deliver one of the best first mortgage loans in Australia. Our first mortgage services have no hidden costs, and with rates as low as 2%, our first mortgage loans are competitive and favourable to you and your business.

What makes our first mortgage loan stand out include:

  • From $100,000 to $2,000,000
  • Up to 3 years loan term (including term extension)
  • Quick loan application process (can be settled within one day)
  • Flexible repayment schedule tailored to your needs
  • Borrow up to 100% LVR
  • Interest rate from 1% per month
  • Available in all Australian Locations
  • Payback early to save interest

Our First Mortgage loans are tailored to businesses of all sizes, regardless of whether it's a start-up or established business. The loan allows for almost immediate cash flow relief which is essential in ensuring the sustainability of business operations.

What makes Maxiron Capital stand out, is that our funding solutions have all been made with having you and your business as the main focus in mind. We provide simple and fast loan application, in which can be completed in just 5 minutes, and the funds can be delivered in just one day! To ensure that you don't end up straining to repay the first mortgage loan, we have designed our loans to have a flexible repayment process.

Get pre-approved online in five minutes (24/7), obligation-free.

How to apply the first mortgage loan from Maxiron Capital?

Step 1

Fill out our pre-approval form - it takes only 5 minutes!

Step 2

Receive an immediate decision - upload a few documents for verification

Step 3

Receive your funds in as quick as 1 working day

FAQs about the first mortgage

  • How do I qualify for a first mortgage?

    Simply have a property that has sufficient equity which has not yet been mortgaged elsewhere, registered in the name of the business owner(s).

  • How do I prepare my first mortgage?

    At Maxiron Capital, we aspire to attend all our customers equally and fairly. We have thus established easy-to-be-eligible funding criteria for our customers wishing to obtain funding from us. However, to further improve your chances, prepare for your first mortgage by having your identification documents organized and ready to go. Also ensure your credit situation is appropriate, however, it does not have to be perfect - we are bad credit accepting!

  • What mortgage amount will I qualify for?

    The mortgage amount you are eligible will be dependent on the equity value of the property you choose to secure against the mortgage. A property with higher equity value will allow you to qualify for higher mortgage amount.

  • Will I get approved for a mortgage?

    Here at Maxiron Capital, we operate under the basis that all customers should be equally attended, no matter the size of the business. Thus, we have made our business funding eligibility criteria very easy for our customers. Fill out the application form now, and get a pre-approval decision instantly, so you can start getting funding with us today!