Long term home loans from the Mortgage House franchise

The leasing services of the Mortgage House franchise can arrange commercial finance for cars, light and heavy commercial vehicles. Clients can also avail the financial services for plant and equipment, office machines and computers through leases and commercial hire purchase. The home loans business offers the leasing service to companies, partnerships, sole traders and salary packaged individuals.

Mortgage House notes that lease and commercial hire purchase allow working capital to be retained for other purposes, easy budgeting with fixed repayments for the entire term, 100 per cent finance and potential tax benefits. The financial services business offers ‘Seniors Home Equity Release Loan’ also known as a ‘Reverse Mortgage’, which gives borrowers 60 years and over access to the equity in their home. The borrowers need not make any repayments until the property is sold or passes to their estate.

The borrower can use the fund for any personal or investment purpose and is not required to live in the home. No income certificate is needed for the loan and the loan amount will be between $20,000 and $1,000,000.