First Mortgage Lenders
Credit Solution Group are a First Mortgage Lender that Provide Financing Solutions to Suit your Specific Needs. Call us or Apply Online Today!
What is a First Mortgage?
A First Mortgage is the primary lien on a property that secures the loan. The owner of the property (the borrower) transfers the title to the lender on the condition that the title will be transferred back to the owner once the loan has been repaid. In the event of default, the First Mortgage takes priority over all other liens or claims on a property. As First Mortgages are the primary claim and take precedence over secondary claims, they usually have a lower interest rate than Second Mortgages.
What kind of First Mortgage Lender are we?
If you are considering buying a commercial, residential or industrial property, your first point of call should be to engage a First Mortgage Lender that is:
- Swift – you do not want to have your time wasted by excessive checks and reams of paperwork.
- Flexible – First Mortgages that are tailored to your wants and needs
- Simple – Clearly-defined terms and conditions that you understand.
Our staff at Credit Solutions Group are dedicated to providing all the above. As First Mortgage Lenders, Credit Solutions Group provide:
- Loan-minimum of $50,000
- Unlimited loan-maximum
- Loan terms from 3 months to 3 years
- Loan-to-value ratio of 80%
We are non-code 1st Mortgage Lenders which means that we do not have the same restrictions as the majority of bank lenders. We do not require reporting and/or credit checks for our First Mortgages. Even if you have been declined from being granted a First Mortgage in Australia in the past, we are here to provide an alternative. Call us or apply online today.