Ray Ethell | Non Conforming Loans

About Ray Ethell

Ray Ethell offers a wealth of experience to his clients, gained from over 20 years in the Finance industry, and prides himself on providing reliable customer focused service. As an independent mortgage consultant, Ray is able to find a product tailored to his clients’ individual needs, with relevant unbiased advice and recommendations. - Cert lV in Financial Services (Mortgage Broking) - Diploma in Financial Services (Mortgage Broking)

Can You get a Home Loan with a Low Credit Score?

Getting a Home Loan with a Low Credit Score Whenever you apply for a loan package, lenders have to make reasonable enquiries about your financial situation. They determine your credit worthiness and ability to make repayments by taking a look at your credit score. Most Prime Lenders require a credit score over 650 however there are many funders both Prime and Sub prime where you can get a Home Loan with a Low Credit Score. It is important that [...]

Can You get a Home Loan with a Low Credit Score?Ray Ethell2023-06-12T12:00:36+10:00

Home Loan After Bankruptcy

Getting a Home Loan After Bankruptcy Chances are you have heard all of the talk about bankruptcy and finance, and you probably believe that if you have been bankrupted, you have no hope on earth of getting a Home Loan after Bankruptcy. Banks will run the other way if you approach them saying, "Help me get a loan, I have been bankrupt!" Here's just a few of the myths about being Discharged from Bankruptcy: If people end up bankrupt, [...]

Home Loan After BankruptcyRay Ethell2023-06-12T12:05:33+10:00

Buying a House After Bankruptcy

Bad credit and buying a house after bankruptcy The majority of people believe that if they have bad credit or if they are discharged from bankruptcy, it's all over for them. Their hopes for home ownership and financial security are over - or so they think. As a bad credit mortgage expert, you can take my word for it: bad credit and even bankruptcy doesn't spell the financial end for you! That may sound like a pretty bold claim [...]

Buying a House After BankruptcyRay Ethell2023-06-12T12:12:33+10:00

A Guide to Commercial Property Loans in Australia

Understanding Commercial Property Loans in Australia As the residential investment property market becomes fierce, many investors are starting to recognise commercial property as a viable investment option. Purchasing a commercial zoned property will require a commercial property loan where a residential zoned property requires a residential property loan. What is Commercial Property? The term commercial property (also referred to as commercial real estate, investment or income property) refers to building or land intended to generate a profit, either from [...]

A Guide to Commercial Property Loans in AustraliaRay Ethell2023-06-12T12:17:16+10:00

Self Employed Loans – Understanding the Self employed Market

Banks often consider Self Employed Borrowers to be Unacceptable? There is an increased demand for Non Conforming Loans among small business owners and self-employed borrowers. Many self-employed borrowers are finding the lending environment to be tough;and are unable to meet the standard lending requirements for a range of reasons. Here is a list of reasons why self-employed borrowers and small business owners are finding it tough to meet the standard lending requirements set by the major banks: They are [...]

Self Employed Loans – Understanding the Self employed MarketRay Ethell2023-06-12T12:22:41+10:00

Home Loan Declined after Pre-Approval?

Where do I go if my Home Loan is Declined after Pre-Approval? Fortunately, there are non conforming lenders and credit providers who offer home loans to people who have been declined by mainstream lenders. Non conforming borrowers are also people who may have been previously rejected for a home loan for a number of reasons such as bad credit history, bankruptcy or unusual incomes (more information on non conforming areas below). Banks are normally quite reluctant to approve mortgages [...]

Home Loan Declined after Pre-Approval?Ray Ethell2023-06-12T12:30:27+10:00

95% Mortgages for Discharged Bankrupts

Can I get a 95% Mortgage if I am a Discharged Bankrupt? “If you’re discharged from bankrupt now or ever have been, there’s no way you can ever own your own home.” This has long been the belief of the greater public and we have the media, the big lenders to thank for it. With bankruptcy on the rise in Australia, along with bad credit, any wonder there are so many people around, feeling completely helpless when it comes [...]

95% Mortgages for Discharged BankruptsRay Ethell2023-06-12T12:37:05+10:00

How to Get Rid of Your Credit Card Debt with a Debt Consolidation Loan

Take Control of Your Finances with a Debt Consolidation Loan There is a type of financing arrangement that is extended to people who have multiple debts, allowing them to consolidate (or combine) all of their debts into "one" new loan. A Debt Consolidation Loan can be used to consolidate various types of personal debts however, the most common debt people experience is credit card debt. These people also hold multiple credit cards and they struggle with making their minimum monthly payments. [...]

How to Get Rid of Your Credit Card Debt with a Debt Consolidation LoanRay Ethell2023-06-12T12:42:47+10:00

Private Lenders are an option for Commercial Purposes

Private Lenders Many real estate investors opt to work with private lenders to escape the bureaucracy involved with the conventional lending process. The global real estate market is competitive and often the speed of the transaction is crucial to the success and outcome of a real estate deal. Loan-to-Value: Private mortgage lenders are concerned with loan-to-value (LTV) ratios which is the calculated percentage of the requested mortgage to the total appraised value of the property. When working with a [...]

Private Lenders are an option for Commercial PurposesRay Ethell2023-06-28T09:42:25+10:00

What are Your Ramifications of Participating in a Formal Debt Agreement?

What is a Formal Debt Agreement? Participating in a formal financial obligation agreement can be one of the most effective methods for many people to handle debt that is unmanageable. Nevertheless, before becoming part of these sort of contracts, it is crucial to recognize exactly how they work so that you can manage your expectations and guarantee that it goes as intended. Part 9 Debt Agreements or the Part IX Debt arrangement is usually a binding contract in between the debtor [...]

What are Your Ramifications of Participating in a Formal Debt Agreement?Ray Ethell2023-06-28T10:11:26+10:00