HomeSec Business Finance: Broker Checks 2026

Identify the HomeSec Facility

HomeSec Business Finance is a direct private lender, with first and second mortgage business loans and caveat structures where available. Its broker product guide describes property-backed funding for purposes such as working capital and bridging a settlement.

Match the proposed borrower and purpose to the actual offer. Record the borrowing entity, who owns the security property and where the money will go. A director’s home securing a business loan does not make the loan a residential home-purchase product.

HomeSec’s published lending facts list loans from $20,000 to $5,000,000. These are loan amounts subject to the security and assessment, not an unsecured credit limit available to every business.

HomeSec describes an open term with no minimum or maximum duration. Separate that flexibility from the initial payment arrangement, which can allow up to six months without scheduled repayments. Interest still accrues during that period.

Put the proposed structure in the file before discussing speed with the client. The funding deadline must allow for the conditions in the approval and the settlement work. A conditional approval does not mean funds are available to spend.

Security and Repayment Exit

The security assessment must account for the property’s assessed value and existing secured debt. HomeSec publishes maximum loan-to-value ratios (LVRs) of 80% for residential property and 70% for commercial property, including existing debt.

HomeSec assesses value using local agents and sales evidence without a formal valuer. An owner’s estimate is therefore a starting input. Keep the value accepted by HomeSec separate from the client’s estimate when calculating the proposed debt position.

For an illustrative residential scenario, assume HomeSec accepts a property value of $1,000,000 with $500,000 already owing. An 80% ceiling implies $800,000 of total secured debt and $300,000 of remaining capacity before the new facility’s financed costs. That calculation does not promise a $300,000 cash advance.

The HomeSec broker scenario form asks for property value, current debt and the exit strategy. Prepare a repayment explanation with supporting records appropriate to the event:

• For a property sale, use the sale contract or the proposed sale process and an estimate of net proceeds after secured debts and selling costs.
• For a refinance, identify the replacement lender’s requirements and what must change before the application can proceed.
• For a business payment, identify the contract or receivable and the conditions that must be met before payment falls due.
• Where the main exit slips, identify how the client will meet ongoing interest and what alternative repayment action remains available.

A refinance exit needs more than an expectation that a bank will lend later. If missing financial records prevent the refinance now, explain who will complete them and how the resulting figures support the replacement facility.

Prepare the Business Evidence

Prepare identity and property records alongside evidence of the business purpose and proposed exit. HomeSec’s product guide lists photo identification, a rates notice and the latest mortgage statement in its application process. It also describes checks of title, identity, the existing lender’s position and the exit.

HomeSec states that financials and cash-flow records are not required for its property-secured assessment. That is its lending approach. Your file still needs a reasoned account of the transaction and the client’s repayment plan.

Use a document checklist that matches the proposed transaction:

• Identify the borrower and the people authorised to act for it. Where a company or trust is involved, record the ownership and signing arrangements.
• Identify every property owner and the debt already secured against each proposed property. Reconcile the balances with the latest available statements.
• Document the funding purpose with the relevant invoice, purchase contract or debt payout figure. Explain any difference between the requested advance and that underlying amount.
• Keep the records supporting the exit, including outstanding conditions and who must satisfy them.

If a refinance is the exit, the replacement lender’s evidence requirements belong in the plan even when HomeSec does not request those documents. A loan that settles quickly can still leave an unresolved refinancing problem.

Compare the Full Cost and Default Terms

Compare the cash the client receives with the total they must repay at the expected exit. HomeSec’s cost explanation describes pricing through the individual offer. Use that offer to separate interest from establishment and other transaction costs.

List the commitment or establishment charges and any brokerage separately. Record whether each amount is paid from the client’s funds, deducted from the advance or added to the secured debt. Adding a fee to the loan preserves cash at settlement while increasing the amount owing.

HomeSec’s broker material states that there is no extension fee or early repayment penalty. The loan documents govern the terms and any prepaid interest rebate. A fee-free extension still needs a cost estimate for the additional interest and any repayments due during the extended period.

Model the expected exit and a delayed exit using the same advance. For example, compare repayment after four months with repayment after eight months using the quoted interest method. Include the payment arrangement after any initial period without repayments.

Use the written default clauses to identify missed-payment triggers and the cost of default interest or enforcement. Record any notice requirements and the client’s obligations if the planned exit fails. Property security places the owner’s property behind the repayment obligation.

Recommend the facility only when the client’s funding need and the documented exit justify the full cost. If the delayed-exit calculation leaves the client unable to meet interest, resolve that repayment gap before committing the property.