First Mortgage Loans

Are you looking for an alternative way to fund your property renovations after being rejected by your bank due to bad credit? Or are you dealing with a sizeable emergency business or personal expense that requires urgent funding? First mortgage loans may be able to help.

This loan type entails placing a primary lien on your property, giving the lender the first right or claim to it in the event of a default. In other words, your property serves as collateral to secure the first mortgage loan.

Invest In Secured Private Lending from the Best Mortgage Brokers in Australia

At EQ Lending, we have established a seamless private lending process to help you secure your first mortgage loan. Get in touch with our lending specialists to discuss your objectives and find out how we can help.

Uses of a First Mortgage

You can use first mortgage loans to:

Purchase a home, land, or other real estate types
Fund a home restoration or renovation project
Raise funds for emergency expenses (medical bills, car repairs, etc.)
Raise funds for business (working capital, stock purchase, tax bills, etc.)

Typical Loan Terms

At EQ Lending, we assess first mortgage loan applications on a case-to-case basis to ensure they are 100% secure and legal.

Therefore, our loan terms and conditions vary accordingly. However, here are the typical terms:

The loan term can be as short as 3 months and up to 7 years
Borrowers can opt for monthly, pre-paid monthly, or lump-sum loan repayments
Borrowers can benefit from client-centric policies, such as no cap on age, no income requirement, location restrictions, or credit score limits

First Mortgage Loan, LVR, and Securities

Depending on your first mortgage loan application and scenario, you can secure between 80% and 90% LVR over residential security with minimal declared income. However, the LVR will vary for commercial securities. A first mortgage will accept several types of commercial and residential securities, including:

Residential buildings

Offices

Warehouses

Farmland

Retail stores

Manufacturing units

Residential buildings

Retail stores

Warehouses

Offices

Farmland

Manufacturing units

Get Your Development Loan Approved in 3 Simple Steps

Speak to Our Team

Ready to apply for a first mortgage loan? Talk to one of our lending specialists to discuss your objectives and requirements.

Documentation

Following the consultation, compile and send us the requested supporting documents so our team can review and assess your application.

Mortgage Deed & Funds Exchange

Once your application is approved, you’ll receive a mortgage deed form declaring you’re providing the lender with a lien over your property. Once it’s signed and received, we’ll liaise with the lender to release the funds accordingly. .

As mortgage brokers, EQ Lending is dedicated to helping our clients achieve their objectives. We understand that sometimes our clients may not be able to meet banks’ requirements in securing a loan.

We are here to help.

ABN: 71 626 000 404

Terms & Conditions

ABN: 71 626 000 404

T & C