seccond mortgages

hey i am looking at trying to get a seccond mortgage. does anyone know of a bank or institution that will still do this? i am self employed soo will need to be low doc any advice is greatly appreciated. cheers
Chris lloyd
 
Chris have to say why second mortgage.

Would be doable (subject to lvr etc etc) but certainly isnt going to be cheap especially under lodoc.

To be honest depending on the amount required probably be cheaper to refi and increase the loan accordingly.
 
At between 2% - 10% per months subject to the LVR it would be doable.

Usually max 80% inclusive of rolled up interest on residential deal.

Preference of course for 70-75%.
 
Some lenders will go 2nd Mortgage, but yea agree with the other posts that would be cheaper to refinance and increase the loan.
 
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