Chattel Mortgage

Chattel mortgages differ from traditional home mortgages, but they can be very useful for many people when borrowing. Similar to a home mortgage a chattel mortgage uses personal property of the borrower as collateral for the loan. The personal property can range from vehicles to businesses, jewelry, and other valuable items. This is what makes it different from a home mortgage. Often times this solution is perfect for those looking for a loan with bad credit. It can also be very useful in lowering interest rates and providing you with more favorable borrowing terms.

Chattel Mortgages for Car Loans

If you are looking for a car loan, a chattel mortgage may be something you want to consider. By using personal property as collateral you are oftentimes able to borrow more and with terms that are more relaxed when compared to a traditional car loan. Chattel mortgages work great for those looking to purchase a new vehicle but have bad credit. When you contact our team we will learn all of the relevant information surrounding your situation so that we can determine whether or not a chattel mortgage will be the best option for your car finance needs.

Small Business Owners

Another very common use for chattel mortgages is for small business owners. Small business owners are oftentimes looking for flexible terms and affordable interest rates. By putting up part of your small business or equipment already owned by your business as collateral you will be able to achieve very favorable and affordable terms for the loan that you require. Our chattel mortgage options have helped countless small business owners in the Townsville area take their business to the next level. We look forward to adding you to that list in the near future.

Chattel Mortgage for Equipment Finance

Equipment financing is another type of chattel mortgage that our team frequently offers. Chattel mortgages work great for persons wishing to acquire equipment for many reasons. For starters, the quick approval times mean you will get your equipment faster. The relaxed repayment terms mean you will be able to begin utilizing your equipment and making money without needing to pay back hefty lump sums right away. If you or your business requires heavy equipment financing, chattel mortgages often are the best option for you. Our team looks forward to helping you understand all of your options.

Traditional Loan vs. Chattel Mortgages

There are many differences between traditional loans and chattel mortgages. For inexperienced persons, this can become complicated very quickly. For this reason, we strive to make all of your options as easy to understand as possible. When you call our team we will carefully listen to your needs and then begin formulating recommendations that we believe are going to work best for you. We want to see you and your business succeed, for this reason, we are dedicated to finding you the best loan available for your unique situation.