What is a CAVEAT LOAN ?
A caveat loan is similar to a second mortgage. It’s a fast way to get money you need, using your real estate property as security. Caveat loans generally settle within 24-72 hours from a completed application and are usually structured for 1 to 4 months.
The short ‘term’ of a caveat loan means that because you complete the loan within a matter of weeks or months, you don’t have the hassle of having to make ongoing loan repayments that are part of some many other loan types.