Eastwood Securities Mortgage Fund takes a flexible approach to assessing borrower applications using an array of alternative documents to determine loan serviceability. Our credit team provide rapid loan processing enabling settlements faster than banks while achieving interest rates cheaper than caveat loans.
Eastwood Securities Pty Ltd (AFSL Authorised Representative No 386389. AFS Licensee: Melbourne Securities Corporation Ltd AFSL 428289) is a market leader in Private Mortgage products across Australia. Since the Global Financial Crisis (GFC) the finance sector witnessed the withdrawal and takeover of many second tier lenders, significant reduction in the mortgage trust sector and domination of the big four banks in the commercial lending sector in Australia. These significant changes to the registered mortgage backed investment sector have resulted in higher returns and lower risks from first mortgage property lending than observed pre-GFC.
As a Private Mortgage lender Eastwood Securities is not constrained by cumbersome processes like many other lenders. We are flexible in meeting the needs of our introducing brokers and their clients. We are able to provide a much quicker response and provide quick solutions to Borrower requirements than traditional lenders.
Our flexibility allows us to issue NCCP regulated (Code) loans on a common sense basis (Low Doc included) providing at all times that we are able to demonstrate that the loan is not “unsuitable” to the clients requirements.
Non Code loans can be provided on a Low Doc and No Doc basis. Interest can be capitalised and prepaid or paid monthly.