We compare mortgages to find
cheapest home loan and help you select best mortgage, loans
could be for a bad credit customer low doc or jumbo finance
deal. You may be a first time buyer or an experienced
investor, we can help you, Contact Us Today.
Customers
have many questions, basically it leads to "how to find best
loan for me". Please understand, you are an individual, your
needs may be different to another and therefore how our
Experts can help you is different to another. Good news is
that we have answers to most questions as we serve many
LENDERS, when one bank say no to you, another lender
will say yes. Simply ask the question from our consultants,
probably that will help you find WHAT YOU NEED.
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OUR SPECIALS
Jumbo loans are over $
one million against one security.
These jumbo mortgages
go through mortgage insurer.
Approval of a jumbo
loan is harder than a normal mortgage.
Jumbo refinance is
possible through our lenders.
Cash out is sometimes
possible when you refinance a jumbo loan.
Jumbo debt
consolidation is also possible. Higher the loan amount
lower LVR will be available.
Low doc Finance option
is available to obtain a jumbo mortgage.
Bad credit full doc
loans may be possible, case by case approval will
be considered for these jumbo mortgages.
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We help bad credit
customers. A
customer may have bad records in the credit file as a
result of paid or unpaid default.
Bankruptcy can make a bad
credit record, whether it is part ix or x doest not
matter.
If you fall in to arrears and
bank gave you concessions, this also could reflect bad
on you although there are no credit defaults.
Many bouncing entries are
treated as bad conduct. Credit providers are reluctant
to offer you loans then.
Bad conduct could be identified
by looking at your statements for reversal entries, or
penalty fees.
If you have visited many
lenders for the same purpose, each inquiry you made may
get recorded in your credit file. When lenders see these
entries, they will suspect you had some issue and did
not get approval. Then they will carry out extensive
searches before your mortgage is approved.
Please decide who is your
broker and make sure he/she could get the loan for you
by giving your full picture to that agent. This
help you o obtain mortgage with fast approval.
Mortgages for bad credit
customers are expensive than what another person could
get.
Each lender will treat bad
credit customers a different way. This help each of you
to obtain a home loan that reflects your risk level. |
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A low doc customer is a person who
cannot provide full proof of income.
Low documentation loans now need
more documents than what it required before, this is to
ensure each customer has a genuine income to pay off
mortgages.
Minimum requirement to obtain a low
doc product is to have a ABN that is registered for GST.
Low doc customer may fill in GST
returns periodically, some may not if they are exempted
under GST rules.
ASIC believe at least all income
received is banked and therefore where high risk applies low
doc customer is expected to produce up to 12 months business
bank statements. You can do business under your own name.
Some home loans may not require 2
years ABN registration, find out from your broker what is
required for your mortgage.
If you have 2 years ABN
registration & GST returns then you will get the best low
doc loans available.
If you need a lower LVR, risk is
lower to your lender. Therefore you will get your low doc
home mortgage with self certification of income without
other income supporting documentation.
A business customer who has 2 years
tax returns are treaded differently.
A low doc customer can apply for a
jumbo mortgage. Loan size of over 1 million dollars make it
harder to obtain them.
There are low doc refinance over 1
million dollars as well as debt consolidation loans. Jumbo
size loans will have a lower LVR and to some level cash out
is permitted. |