Home Loan Refinance Advance
What is a Home Loan Refinance Advance?
Home Loan Refinance Advance is a fast solution for business owners to access the equity in their home while they are waiting for their refinance to come through. These loans aren’t just restricted to home loans either as they also work for refinances on commercial property and most other real estate assets.
As we all know, refinances can take up to 3 months to be completed. If you are wanting to access the equity in your home right now, what good is that??
How to Access Funds for your Business in 24 hours
A Home Loan Refinance Advance from HomeSec Business Finance is the perfect solution because it enables business and self employed clients to access the equity in their real estate asset within 24 hours. Then when their refinance eventually settles, that pays the HomeSec Refinance Advance out, and the job is done.
These loans are so simple, and require hardly any paperwork, as you will see below. They MUST be for a business purpose or commercial investment purpose, a Refinance Advance is also fully tax deductible
Speaking of Tax, the short video below shows how to remove a common refinance obstacle…. TAX DEBTS.
The 3 Simple Things We Need
As our loans are all secured against real estate, we just need to know….
- What is the property worth?
- How much is owing under the 1st mortgage?
- Are there any arrears that we will be bringing up to date?
We just need to know how much the client would like “in the hand”, and for how many months. (ie: Between 1 to 6 months)
All of our loans need to be for some kind of business or commercial purpose, so we need a brief one sentence summary on what that may be.
This means… How will the borrower repay the loan within their chosen loan term of between 1 to 6 months.
Often the Exit Strategy will be…
Refinance of the security property
Sale of an asset
Learn More About HomeSec and our Home Loan Refinance Advance
3 Simple Rules when considering a Refinance Advance
Rule number 2 is always get the full cost of the loan for the loan amount and the loan term you require. Remember that the interest rate isn’t always the best indicator of good value either.
Rule number 3… will the benefit of getting the funds by tomorrow outweigh the costs? If the answer is YES, don’t procrastinate or over think it… GO FOR IT!.
For more information, or to apply today, visit www.HomeSec.com.au
How to Explain a Refinance Advance to a Client
Want To Get More Information ?
Our friendly team of Homesec Business Finance experts are waiting to speak with you.