In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Security
Security is the property that you are putting up as a ‘warranty’ for the loan.
You need to tell the bank if you have any of the following, as this may affect your eligibility:
- a mortgage
- a reverse mortgage
- any other liabilities for the property you use as security.
A security interest in a loan is a legal claim on collateral provided by the borrower that allows the lender to seize and sell the collateral if the loan defaults. A security interest reduces a lender's risk, allowing them to charge a cheaper interest rate on the loan.
Learn MoreThere are four main types of security: debt securities, equity securities, derivative securities, and hybrid securities, which are a combination of debt and equity.
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