Non Conforming Home Loans
NON CONFORMING HOME LOANS
Credit Impaired
While being credit impaired does not stop people from getting a home loan or refinancing one, generally any credit impairments must be paid out either before the loan or as part of settlement.
Credit impairments such as Court Judgments or defaults can mean that clients will need to pay a higher interest rate. While most banks will not do loans for people with credit problems, there are a number of other lenders who will. They are known as non-conforming lenders.
As a rule of thumb, people with fairly substantial credit problems can borrow up to 80 percent of the value of their property.
If you have any credit problems, give us a call and we will let you know just what type of loan suits you.
Direct Credit LO-DOC Loan
Getting finance when you are self-employed can be difficult. Many lenders require a minimum of two years full financials or tax returns before they will lend for property.
Easy-Settle Finance Lenders are more than happy to lend money to self-employed people, and often do not require financials. An ABN number will be required for minimum of 1 Year. Loans available for the purpose of refinances and purchases.
Low DocLoans
A 20% minimum deposit is required for a purchase or 20% equity is required for refinancing. You must be the holder of an ABN number and you must be registered for GST and declaring over $75,000 for a minimum of 1 year.
We do have more competitive rates for purchases with 20% deposit and 2 year ABN registration.
All Low Doc Loans are subject to land size and post code locations within Australia.
Call us now on 1300 730 267 to discuss your situation. Or complete our Express Enquiry form and we’ll call you back shortly.