Second Mortgage
Access equity without touching your first mortgage.
A second loan that sits behind your existing mortgage, not in place of it.
You don’t pay to compare.
No credit file impact · No cost to compare · No obligation
100+
Products compared, side by side
70+
Lenders, banks to private credit
$1B+
In lending reviewed in our reports
Access
To domestic and international lenders
Panel of 70+ lenders: banks · non-banks · fintechs · private lenders
Second Mortgage at a glance
- Security
- Sits behind your existing first mortgage
- Your first mortgage
- Stays as it is, with your current lender
- Use of funds
- Business capital, property improvements or consolidating other debt
- Assessed on
- Your existing loan terms and total equity position
- Timing
- Varies by lender
Subject to lender assessment. Your options are typically ready within 24 hours of receiving your documents.
What’s included.
- Access equity in a property you already own, without refinancing your existing first mortgage.
- Your first mortgage and current lender stay as they are.
- Use funds for business capital, property improvements, or consolidating other debt.
- Considered case by case against your existing loan terms and total equity position.
Repayment calculator
Estimate your repayments.
- Monthly repayment (P&I)
- $44,659/mo
- Total repaid
- $535,904
- Total interest
- $35,904
Illustrative only. Uses an assumed 13% p.a. rate for a specialist second mortgage over a term of up to 12 months, and leaves out fees and charges, so it is not a quote or a comparison rate. Your Compare Report shows the rate and term each lender offers, based on your equity and how you plan to repay.
Enquire online
Tell us what you need. Get real options back.
A few details, sent straight to our Personal & Property team.
Your questions, answered.
No credit file impact · No cost to compare · No obligation
What is a second mortgage?
A second loan that sits behind your existing mortgage, not in place of it. Your first mortgage and current lender stay as they are.
What can the funds be used for?
Business capital, property improvements, or consolidating other debt.
Will my first lender need to agree?
It depends on your existing loan’s terms: some first lenders must consent before a second mortgage is registered. Each case is considered against your existing loan terms and total equity position.
Is the calculator’s rate an offer?
No. The calculator uses an assumed 13% p.a. over a term of up to 12 months and leaves out fees and charges, so it is illustrative only, not a quote or a comparison rate.
How do we get paid?
Comparing costs you nothing. Not comparing can cost you plenty.
The headline rate rarely tells the whole story. Fees, charges and loan terms can add far more to what you repay. That’s why your Compare Report shows every cost we can identify side by side.
In most cases, the lender pays us, and only if you decide to proceed with their product offer. For more complex deals, or where the lender pays us little or nothing, we may charge a fee for our service. It doesn’t happen often, but when it does, it’s shown on your Compare Report and we’ll walk you through it before you decide.
No obligation to proceed, ever.
Ready to see your options?
Your options, compared before you commit. No credit check until you choose to proceed.
You don’t pay to compare.
No credit file impact · No cost to compare · No obligation
Or talk to us: 1300 161 641 · support@tradefunding.com.au