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What is a Caveat Loan or a Second Mortgage? (One Cheap Way to Consolidate Debt)

What is a Caveat Loan or a Second Mortgage? (One Cheap Way to Consolidate Debt) Getting a caveat loan is quite common in NZ, this is often a way for clients to consolidate debt at a lower rate because it is secured against a property. Some banks will even allow this to go towards your deposit! Watch this video by Andrew to understand how a caveat loan works.

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