Refinance
Refinancing is the process of replacing an existing mortgage with a new one that typically extends more favourable terms to the borrower, such as increased LVR, cheaper rates or better terms.
Refinancing can be done with the same lender or through a different lender.
Typically, when a client utilises a short-term loan to refinance an existing debt it is usually predicated by the following:
- An expiring facility
- A desire to avoid default and possible administration
NWC Finance understands the importance of a quick, hassle-free refinance to enable the clients to meet settlement deadlines when other financial institutions cannot. Our fast, immediate solutions enable our clients to protect their properties and other investments.
Key features
- Flexible terms of 1 to 6 months
- Interest rates from 1% pcm
- Loans up to $50 million
- Secured by first or second mortgages
- Up to 75% LVR
- Settlement from 24-48 hours
- Security acceptable Australia wide
RECENT SCENARIO
$13.5m Short Term Refinance
Product Guide
1st Mortgages
- > Loans from $50k to $50m
- > Up to 70% LVR Maximum
- > Interest from 1% per Month
2nd Mortgages
- > Loans from $50k to $50m
- > Up to 70% LVR Maximum
- > Interest from 1% per Month
Cash Advance
- > Loans from $50k to $50m
- > Up to 60% LVR on wholesale value
- > Interest from 1% per Month
Plant & Equipment
- > Loans from $50k to $50m
- > Up to 70% LVR Maximum
- > Interest from 1% per Month
Minimum Term of 30 days – Maximum Term of 6 Months with roll-over – Interest can be capitalised within LVR guidelines – All Australian locations considered for 1st and 2nd mortgages and Plant and Equipment security
Let’s talk
To learn more about our immediate finance and short term funding solutions, please contact us on 02 9223 7181 or email us at [email protected].