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Bad Credit Home
Loans
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 Rejected by the Banks
because of bad credit?
Do
you have a poor credit history?
Previously
bankrupt and can't get a loan?
If your
application was declined due to a poor credit
history, poor employment history, not earning enough money or
even bankruptcy there are lenders out there that will accept
your application. Lenders such as;
»
Bluestone Mortgages
»
GE Money
»
Liberty Financial
»
Pepper Home Loans
»
Home Loan Centre
All of
the above non-conforming lenders specialise in lending money to
those who do not meet the banks strict lending criteria.
Interest rates and fees are determined by the
following
»
The number of defaults against your name
»
Number and months of mortgage arrears
»
The amount of deposit or equity you have. Greater the equity the
cheaper the loan
»
Discharged bankrupts and part 9 applicants
Advantages of Bad Credit Mortgages
Gives the borrower a chance to improve their
credit rating by allowing the opportunity to service a new loan
which hopefully helps them get back on track.
Non judgemental lending rules with more
flexibility
Disadvantages
of Bad Credit Mortgages
Interest rates and fees are higher
Require a larger
than normal deposit
For more information about
bad credit mortgages
contact us or call
1300 726
136
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