Private Home Loan & Refinancing
We Can Help.
national Private Lending Specialist
Are you struggling to Secure a home loan or refinancing through mainstream lenders?
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There can be a whole raft of reasons why you might fall outside the criteria required by mainstream lenders when it comes to raising finance.
Traditional lenders like banks, building societies and credit unions use a specific set of parameters when calculating the risk involved in lending capital.
Unfortunately, because of these stipulations, many people find themselves out in the cold when it comes to getting that much needed loan, but all is not lost.
Is it worth getting a private home loan?
It really depends on the individual and the circumstances.
Most private loans are entered into to fix an immediate problem, then normally refinanced to a non conforming loan or back to the traditional lending market.
If you’ve been unfortunate enough to fall behind on mortgage or credit card payments due to illness or periods out of work, have defaults or judgements on your credit file, a short term loan may be all that’s needed to put things back on an even footing.
By using the private loan to consolidate everything into one loan repayment, you can pay off those creditors, higher rate interest credit cards or bring your mortgage back into order.
Private loans tend to be short term, up to 5 years for a first mortgage, with a loan to value ratio (LVR) up to 80% max.
They are secured by residential or commercial property and are ideal to consolidate your financial commitments such as high-interest rate credit cards, pressing creditors, tax debts etc.
Short Term Caveat Loan
If you need funds quickly and you already own a residential or commercial property, perhaps a short-term caveat loan might suit, where the loan is secured against your existing property, without paying out your existing mortgage. Repayment times up to 12 months or as little as one to three months. They are highly recommended if you need a short term loan while a property sale is being completed.
They are also worth considering if you have pressing creditors and possible court action.
WE'VE HELPED MANY CLIENTS NATIONALLY WITH PRIVATE LOANS.
There are a wide range of situations where private funding can help you with your financial situation, some examples are:
At Gryphon Direct, we can work with you to secure the required finance through private lending.
We have over 15 years’ experience in matching clients with private lenders Australia wide.
With over 160 private lenders, all with their specific markets, we can help you with a home loan, short-term 1st and 2nd mortgages, caveat loans.
Gryphon Direct Can Help. Because We Care.
Over the years, we have built empathy for most situations as have our private lenders.
Whatever your circumstances Gryphon Direct is here to discuss solutions with you.
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