Second Mortgage is a loan secured against a property that already has a First Mortgage attached to it. You will still have your original lender on the title of your property and the second mortgage ranks after this.
Caveat Loans are fast settling loans which are structured for a short period. Unlike normal forms of funding these loans can be settled quickly and the lender is entitled to lodge a caveat against the title of the real property as security.
For Caveats, Seconds Information contact us at info@caveatloan.com.au