What to consider when applying for Home Loans – Bank vs. Non Banks When it comes to buying a house, one of the most critical factors is arranging home loans for the deal. Your home loan can be funded by the banks or alternatively, you can go the Non Bank Lending route. Making the right financing decision is crucial as you will be dealing with the mortgage for a significant portion of your future life. Following is a take [...]
Non Bank Lenders provide Solutions There are several factors that non bank lenders consider to sign off on a mortgage application. Just because you have a considerable size of the deposit, it does not mean that your lender will approve your mortgage application. According to a survey conducted by a Non Bank Lender "Non Conforming Loans Pty Ltd" about 30% of homeowners aged between 18 and 30 suffer from having a mortgage application declined from Major Banks compared to [...]
Most banks will not approve loans to help you pay out tax debt. We can help you refinance your tax debt to put you back on the front foot, back in control. What is a Tax Debt? The tax debt or liability is the total amount of debt (money) a taxpayer or entity is legally obligated to pay the government as the result of the occurrence of a taxable event. Different taxable events command different tax liabilities and include, [...]
Debt Consolidation Loans A Debt Consolidation Loan is a loan package that will enable you to pay off other loans without any tension. It can be availed easily and it ensures lower repayment amount. Are you interested in it? It is called "Debt Consolidation" finance. It is an option that you can consider if you find yourself struggling to make your monthly mortgage payments and also trying to pay off of your debts at the same time. Debt Consolidation [...]
Non Conforming Home Loans have Solutions for People with Paid or Unpaid defaults In the past, lenders considered default history as the most damaging thing for a home loan. They rejected home loan applications of people with defaults in the past. But, today the condition is different. Fortunately, there are some non conforming lenders and credit providers who offer home loans to people with default history or low credit scores. Such loans are called bad credit home loans. Bad [...]
Non Conforming Lenders There are many reasons why people get turned down for a home loan by mainstream lenders/credit providers. You may not realise that one of the most common reasons is paying a bill late or defaulting on a loan repayment. Other reasons include having a part 9 debt agreement against you, a bankruptcy, a default on a credit card or a loan or having court judgements against you. Don't despair as non conforming home loans can give [...]
Home Loans after Bankruptcy in Australia? If you are a discharged bankrupt who is now looking to get home loans after Bankruptcy or considering refinancing your mortgage, you will experience that most mainstream lenders/credit providers choose not to offer loans to discharged bankrupts. While it is challenging as a discharged bankrupt to get a home loan, it is still very much possible because there are Non Conforming Lenders / credit providers that specialise in Home Loans for Discharged Bankrupts. [...]
Consolidating Your Debts is A Solution for Multiple Debt Problems Are your debts getting out of control? Are you unable to manage your multiple debts? If your debt is giving you sleepless nights, it is important to seek help quickly. Remember, ignoring your debts won't make them go away. It will only make things worse. If you are in debt, here is a list of questions you should ask yourself: Question 1 Are you finding it difficult to meet [...]
Getting a Home Loan after Bankruptcy If you filed for bankruptcy, because, you were advised to do so by a business person such as a solicitor, you may have realised that getting a home loan after bankruptcy can be difficult: Bankruptcy can stay on your credit file for up to 5 years; and Bankruptcy can come back to haunt you when you are trying to get a home loan or refinance your existing loan from one of the major [...]
Home Loans Bad Credit There are numerous reasons why people get turned down for a home loan by mainstream lenders credit providers. You may not realise that one of the most common reasons is paying a bill late or defaulting on a loan prepayment. Other reasons include having a part 9 debt agreement against you, a bankruptcy listing, a late repayment on a credit card or a loan or having court judgement's against you. Do not dispair as non [...]