Why borrow funds from First Mortgage Trust?
It’s a smart finance option……
• Choose a loan to suit your needs
Whether you want an Interest Only, or Principal and Interest loan, bridging finance, a cash loan (using home equity) a loan for development, or want Capitalisation of Interest, we may be able to help. Click here for more about the types of loans we offer
• Competitive fixed or floating rates – we’re flexible!
Our rates are set in line with rates on offer by other lenders, and are reviewed at regular intervals. Your choice – select the option that suits your needs.
• No waiting – 48 hour turnaround
Once we have all the relevant information from you, we’ll make a loan decision within 2 working days so you’re not left hanging.
• Minimal paperwork
We require less financial information than many lenders – and monthly trading accounts are not generally required. The main issue for us is the loan:security value ratio. Click here for more about our lending criteria
• Terms to suit your needs – from 3 months to 4 years
Your choice – select the term that suits your repayment capability.
• Quarterly interest repayments
Interest on loans under $1 million are usually repaid quarterly, not monthly like many other lenders. We’ll remind you when it’s due to be direct debited so you don’t have to remember. Quarterly repayments may help to ease any cash flow burdens.
• Repay early without penalty
Partial or full repayment of loans is often accepted without penalty. Ask us how you can qualify for this benefit.
• Capitalisation of interest
If necessary, we may be able to advance you funds to cover your initial interest payments.
• We offer flexibility and creativity
We take pride in our ability to think outside the square and take a personal interest in understanding your financing requirements.
How to Borrow Types of Loans Loan Criteria & Process
|
|
15 First Avenue
PO Box 13083
Tauranga
New Zealand Ph. 07 578 0754 or 0800 321 113