HOME BANK SAID NO LOANS BAD CREDIT LOANS  CAVEAT LOANS  CALCULATORS SYDNEY MORTGAGE LOANS

We have bad credit lenders who may consider you for a loan @ very competitive rate Australia wide. Try us today to see who has a solution for your finance need. Helping people with bad credit history to find home mortgage commercial loans or car finance by non conforming lenders is our service.

Bad credit means you have not met your credit obligations as per agreements signed in the past. It impacts on your future borrowings. Bad record could be as a result of delays in repayment or submitting credit applications to many lenders and had no offers.

When you default a payment it get recorded. If you pay the amount subsequently you expect this record to get erased but it will remain for some time. You will then be considered as a credit impaired customer for any future loan. Some lenders may consider paid default favorably than an unpaid loan. When you cannot pay loans bankruptcy may be an option but bankrupt record will stay forever in your credit file. Good news is that there are loans for Bad Credit customers.

Since Global Financial Crisis there are many credit impaired people. Some with home loan arrears. Mortgages with bad conduct or mortgage loans with defaults are poor credit records of the past. If your current income is good a bad credit lender may consider you for a refinance including a debt consolidation. Contact Us Today.

Loans on offer includes following.

  •  Paid default to Telco under $999 - Bad Credit Home Loans @ 90% LVR

  •  Bad credit mortgages - LVR and interest rates to suit RISK level

  •  Poor credit home loans - unlimited defaults, last 2 years clear credit up

  •  Bad conduct REFINANCE to 80%, arrears and missed payments with or without defaults

 

CONTACT US FORM

Your First Name:

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Your Street Address:

Your Suburb:

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Loan Amount:

Loan Security Value ( House Price):

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As a home mortgage customer our lender may consider you for a bad credit 95% loans if you have only  a small paid default.

A lender may undertake higher RISK in a home mortgage car loan or commercial finance at a higher interest rate. Extent of your bad credit history will make them more expensive.

Home loan for people with poor credit history available through our  mortgage lenders.

A small paid default or two against a utility bill from Telco or another to  the value of $999 are considered less risky than a often miss payments against a home loan or car loans. When you have defaults with finance providers then only non conforming lenders will consider you a loan. They may take higher risk and charge high interest than the standard variable rates offered by the banks. It is important to prove your recent credit responsibility to obtain such loans.

LOANS ON OFFER WILL CHANGE FROM TIME TO TIME. YOU ARE EXPECTED TO DISCUS WHAT MAY APPLY TO YOU WITH YOUR LENDER REPRESENTATIVE & NOT TO MAKE ASSUMPTIONS BASED ON CONTENTS OF OUR WEBSITE.

PRODUCT FEATURES Paid defaults 2 ( Utility Type Only)

Amount not to exceed $999.99

Paid defaults - Unlimited Unpaid Defaults - Unlimited
LOAN SIZE

MAXIMUM LVR

$650000

90% Maximum

$650000 - 90% Maximum

lower LVR up to 2M

$650000 - 90% Maximum

lower LVR up to 2M

Application Fee

Annual Fee / Monthly Fee

Depend on bad credit lender you may pay only $700 - $1000. Difficult loans from private lenders may charge 2.2% upfront

Normally around $15 per month

Interest rate Based on your risk rates change - normally add 2% above standard variable rate of major lenders
PURPOSE Purchase with no genuine savings considered Purchase / refinance Purchase / refinance
Commitment Fee 1.1% may apply - We have least cost products, select one of them
CONDITIONS Flexible cash out policy.

Mortgage arrears may be considered on a poor credit loan - higher rates may apply

Defaults older than 12 months full doc and older than 2 years low doc will qualify for better rates

Loans may have unbelievable lower interest rates, find out what they could be.

Else loans may consider very bad credit issues at higher rates.

No construction loans.

POSTCODE RESTRICTIONS Apply Apply  Apply
Loan Mortgage Insurance Normally it is part of application fee / interest rate

Some lenders may have RISK FEE separately, your broker will advise details

Valuation Less than $ 500 per standard property
Exit Fee May apply, government regulations are in place to abolish exit fee.

Some lenders do not charge but others may charge/disclose it upfront

Credit Impaired Yes

 

Yes

ATO debts & debt consolidation OK

Yes

ATO debts & debt consolidation OK

Customer Type Full Doc as above

Low Doc only 80% higher rates apply

Full Doc as above

Low Doc only 80% higher rates apply

Full Doc as above

Low Doc only 80% higher rates apply

First Home Buyer Yes Yes Yes
Maximum Acreage 5 5 5
LAND (see conditions) Considered Considered Considered

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