Lenders also look how quickly they
could recover money if borrower default repayment. This
means there should be adequate buyers in the market. If not
they presume they will able to recover only a portion of the
mortgage and therefore will lend a lower LVR. This is the
reason why certain postcodes and certain type of buildings
such as small units, commercial properties, semi rural
acreage are restricted.Major
banks have more restrictions than small lenders. They are
backed by reserve bank and covered by certain regulations.
Other private or non conforming lender may offer you loans
and undertake more risk in such situations, probably at a
high interest rate.
For most customers, what ever the
limitation they have we have lenders who offer home loans @
rates to suit risk level. It is our duty to compare and
select best mortgage for your circumstance @ cheapest rate.
We Offer
1) Home mortgage loans from major
banks & small lenders, private or non conforming at
competitive interest rates.
2) Our lenders offer 95 mortgage
loan. First Time Buyers
are normally within these specifications, you are welcome.
3) We offer mortgage loan rate
discounts up to 1%, on standard variable as a professional
package or best fixed interest rates that suits your
requirement.
4) Mortgage loans for small units
from 28 sqm plus could be a bedsitter, self contained
serviced apartment, dual key, factory unit, student
accommodation or another. Some of them will have commercial
lending guidelines and may have lower LVR.
5) We have lenders for rural
mortgage loan on an acreage property with power
road access and water or loans for land over 100 acres
6) Mortgage loan for 8 units under one
title, we help you
7) Jumbo mortgage loan over 1 million
dollars and refinance with cash out, we offer best rates.
Low doc loans as well.
8) Bad credit mortgage loan customer with paid or
unpaid defaults, there are lenders for you
9) We consider mortgage loan for
land and
construction
10) Mortgage
refinance rates are similar to those offered for new
purchases, that means you may get up to 1% discounts or
obtain a fixed rate loan.