Product Guide
6+6 Loan
The “6+6” loan has been introduced to allow applicants the benefit of a 6 month exit strategy while enjoying our introductory interest rates. Additionally, applicants receive the added comfort of knowing they have a twelve month term at their disposal. Applicants are offered the ability to repay their loan with no deferred establishment fee at both the six month annivesary and the twelve month anniversary. We doubt you will find a more flexible or affordable six or twelve month option.
Full Doc
Suiting credit impaired applicants with a proven income history, MKM Capital’s Full Doc mortgage product may be the perfect option for you. Loans can be for private or business/investment purposes and come with the flexibility of terms from 6 months to 30 years, with up to 5 years interest only.
Lo Doc
MKM Capital’s Lo Doc mortgage product can assist the newly employed or those who have only recently started their business reach their financial goals. All regular, verifiable income sources are considered when assessing your repayment ability, helping remove the shackles of traditional loan types.
Recovery Loan
Finally – a long term loan on offer to the applicant with unlimited credit impairment! Get off the refinance wagon and into the security of a 30 year term. Loans can be either for private or Business/Investment purposes, and come with an attractive step-down rate feature. MKM Capital look to the future when assessing your application; if you are taking the right steps to make sure your future is bright, let MKM Capital consolidate your position and help you on your way.
No Doc
Do you have a business or investment opportunity that you know will work, but can’t raise the capital to get it off the ground? Contact MKM Capital to talk about your No Doc lending options.
Bridging Finance
Need a loan for up to 6 months only as a first or even a second mortgage? Maybe you have a house on the market but need funds until it sells? Maybe you have money coming to you on a particular date but have an interim financial requirement? Let MKM Capital assist you with your bridging finance needs.
Second Mortgages
Do you need a top up on your existing loan, but the banks won’t approve it right now? Maybe you have a short term requirement but don’t want to leave the security of your existing loan? Perhaps a Second Mortgage will help! MKM Capital offer Second Mortgage finance for terms of up to 12 months for both private and business/investment purposes.
Security
MKM Capital requires either a Registered First Mortgage or a Registered Second Mortgage over residential or vacant residential land.
Exit Strategies
For short term finance applications, MKM Capital requires a defined exit strategy.
Loan amounts
MKM Capital offers funding in the following ranges:
All First Mortgages
Minimum $20,000
Maximum $1,500,000
Second Mortgages
Minimum $20,000
Maximum $300,000
Loan to Valuation Ratio (LVR)
MKM Capital provides finance at the following Loan to Valuation ratios:
Up to 75% on Residential Property
Up to 75% on Vacant Land
