A second mortgage can provide access to available equity in eligible property while the existing first mortgage remains in place. QMO considers short-term business lending across residential, commercial, retail, vacant land and development securities, subject to the current loan position, available equity and lending criteria.

This structure may suit borrowers seeking capital for working capital, expansion, equipment, stock or urgent business commitments without refinancing their existing facility. All security arrangements, consent requirements, fees, interest and repayment terms are assessed and confirmed before settlement.