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)

Non Conforming Lenders for the out of the box home loans

Non Conforming Lenders for out of the box home loans in Australia to 95% LVR Non Conforming Lenders are making mortgages possible for those that have the chances stacked against them. With loan application rejections on the increase in Australia, there’s growing concern over how the method could affect Australians’ mental state. Of those who’ve experienced rejection when applying for a replacement mortgage, 31% claim they were left feeling depressed, in step with a survey by specialist mortgage broker [...]

Non Conforming Lenders for the out of the box home loansRay Ethell2023-06-30T12:06:57+10:00

How to get a Home Loan even if you don’t meet a Bank’s credit criteria

How to get a Home Loan to 95% LVR in Australia even if you don’t meet a Bank’s credit criteria With the memory of the recent financial crisis still fresh and the resulting credit tightening still in effect at most financial institutions many would-be homeowners are still standing on the sidelines assuming that credit is out of reach for them. That’s where Specialist Lenders come into play as these Funders cater for applicants that do not meet mainstream lenders’ [...]

How to get a Home Loan even if you don’t meet a Bank’s credit criteriaRay Ethell2023-06-30T12:13:16+10:00

How Non Conforming Lenders In Australia Can Help You Secure the Property of Your Dreams

How Non Conforming Lenders In Australia Can Help You Secure the Property of Your Dreams Securing a home loan can be incredibly difficult if you do not fit the lending criteria that is typically stipulated by banks and other lenders. A poor credit score or unstable financial history may lead traditional lenders to reject your application before even considering it. This can be extremely disheartening and unfair. Fortunately, there are non conforming lenders helping Australians to secure a home [...]

How Non Conforming Lenders In Australia Can Help You Secure the Property of Your DreamsRay Ethell2023-06-30T12:20:14+10:00

How to get a home loan with a low credit score

How to get a home loan with a low credit score in Australia If you are someone with a low credit score, you may be wondering if it will ever be possible for you to get a home loan. Financial hardships can occur at any time throughout your life. This shouldn’t mean that you cannot apply for a home loan. Many banks and lenders, however, will not even consider the application of someone with a low credit score. Fortunately, [...]

How to get a home loan with a low credit scoreRay Ethell2023-06-30T12:25:46+10:00

Can you buy a house with adverse credit

How Is Credit Score Calculated? Your credit score is calculated by Equifax based on the information filed in your credit report at a specific point in time. There are several important contributing factors that are considered in calculating your credit score. This includes the type of credit provider, the type and size of credit requested in your application, the number of credit enquiries and shopping patterns, directorship and proprietorship information, age of credit report, pattern of credit enquiries over [...]

Can you buy a house with adverse creditRay Ethell2023-06-30T12:31:17+10:00

What is the difference between a conforming loan and a non conforming loan

Non Conforming Loan and a Bank Loan A conforming loan / Bank Loan is a loan which comes from a mainstream bank (like NAB, Westpac, Commbank or ANZ) or a prime lender which is based on standard banking rules and criteria. People who have a regular job, clean credit and can have their income validated via PAYG statements and payslips usually apply for conforming loans. For a Bank / Prime mortgage, you’ll generally need a minimum credit score of [...]

What is the difference between a conforming loan and a non conforming loanRay Ethell2024-05-04T11:30:38+10:00

Are low doc home loans still available in Australia

What are low doc home loans? Low doc home loans or alt doc home loans are loans for self-employed Australian individuals and small business owners who may not have the right documents when they are approaching a bank. Instead of approaching a bank and possibly being rejected, they can apply for a low doc home loan with an alternative lender. Low doc home loans are designed for people who can’t get a home loan because they lack documentation and [...]

Are low doc home loans still available in AustraliaRay Ethell2024-05-04T11:28:13+10:00

Can I get a home loan with bad credit in Australia

Can I get a home loan with bad credit in Australia? Bad credit is simply when an individual has a blemish on their credit record. Often these credit reporting agencies like Equifax keep five years of records. There are records dating back to the person’s first contact with a reporting agency, whether it was a credit application or if an enquiry was made on a person’s behalf. These black marks tend to stay on the credit file for the [...]

Can I get a home loan with bad credit in AustraliaRay Ethell2023-06-30T13:05:11+10:00

Debt Consolidation Loans Bad Credit

Debt Consolidation Loans For Bad Credit? Debt consolidation loans for bad credit allow customers to borrow enough money to pay off their current debts and owe money to just one lender. They are specifically designed to help people who are struggling with repaying multiple debts by offering them a way to merge the debts into one figure. By consolidating their debts into their home loan, borrowers may be able to work with more flexible repayment options and reduce the [...]

Debt Consolidation Loans Bad CreditRay Ethell2024-05-04T11:25:49+10:00

Low Doc Home Loan Requirements

Low Doc Home Loans in Australia. Low Doc Home Loan Requirements: If you require a home loan for self employed and get paid in cash, or just don’t have a lot of documentation to prove your income, then you know about that you are an exception to the rule when it comes to being able to get traditional financing. You have a good stable history and healthy monthly income. You just don’t have a pay stub. Unfortunately lenders just [...]

Low Doc Home Loan RequirementsRay Ethell2023-07-01T10:14:58+10:00