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)

Demand surges for non-conforming loans

Non-Conforming Loans in Australia Borrowers unable to secure credit due to stricter lending criteria being applied by traditional lenders since the outbreak of the coronavirus COVID-19 pandemic are turning to specialist lenders for assistance. Sydney-based mortgage brokerage Non-ConformingLoans.com.au said it has received a substantial increase in inquiry from rejected loan applicants due to the economic impact of the COVID-19 crisis. “Many borrowers are unable to obtain credit from traditional lenders due to the tightening of lending criteria in response [...]

Demand surges for non-conforming loansRay Ethell2023-07-01T10:20:40+10:00

Debt consolidation how does it work

Debt consolidation how does it work? If you have multiple debts from various sources or institutions such as a home loan, personal loan, credit card or other high interest unsecured loans, and you are having trouble paying these off, then it could make sense to roll these debts together with your mortgage. The interest rate on credit cards ranges from 10% to 20% and for personal loans the rate can be anywhere from 9% to 15%. By consolidating these [...]

Debt consolidation how does it workRay Ethell2023-07-01T10:33:39+10:00

Can you consolidate debt with a bad credit score

Can you consolidate debt with a bad credit score in Australia? Having bad credit is likely to affect your approval for debt consolidation through Prime Lenders, but are available through Non Conforming Lenders. Your Credit Score is likely to have an impact on the interest rates, length of repayments, and sometimes the type of loan available. To consolidate your debts with a major prime lender you must have made all of your repayments on time for the last three [...]

Can you consolidate debt with a bad credit scoreRay Ethell2023-07-01T10:41:20+10:00

What is a Near Prime Home Loan

Near Prime Home Loans are for Out of The Box Credit Solutions How do you get a Home Loan 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 Near Prime Home Loans come into play as these Funders [...]

What is a Near Prime Home LoanRay Ethell2023-07-01T10:50:05+10:00

Low Doc Home Loans for Self Employed Australians

Low Doc Home Loans for Self Employed Australians. Australia has more than two million independent contractors or self-employed. Low Doc Home Loans (Low documentation loans) are designed for these self-employed people who do not have up to date financial statements and tax returns which are required for a prime home loan. Generally the same features and facilities are available on prime loan are also available on a Low Doc Home Loan as the name indicates the difference is in [...]

Low Doc Home Loans for Self Employed AustraliansRay Ethell2023-07-01T10:56:14+10:00

Why is it so hard to get a Home Loan in Australia

Why is it so hard to get a Home Loan in Australia? With mortgage application rejections on the rise in Australia, there's growing concern over how the process could affect Australians’ mental health. Of those who’ve experienced rejection when applying for a new mortgage, 31% claim they were left feeling depressed, according to a survey by specialist mortgage broker Non Conforming Loans Pty Ltd. Non Conforming Loans is making mortgages possible for those who have the odds stacked against them. [...]

Why is it so hard to get a Home Loan in AustraliaRay Ethell2023-07-01T11:02:09+10:00

A Debt Consolidation Loan can save You on Monthly Repayments

A Debt Consolidation Loan can save You on Monthly Repayments. If you have multiple debts from various creditors such as a mortgage, personal loan, credit card or other high interest unsecured loans, and you are having trouble paying these off, then it could make sense to roll these unsecured debts together with a debt consolidation mortgage. When we consolidate all your unsecured debts into a new mortgage our fees for Debt Negotiation are based on how much we save [...]

A Debt Consolidation Loan can save You on Monthly RepaymentsRay Ethell2023-07-01T11:07:31+10:00

How much deposit do I need for a Low Doc Home Loan

How much deposit do I need for a Low Doc Home Loan? Self Employed Australians can still get a home loan if they do not have up to date lodged Financials. As Maximum loans are 85% of Purchase price you will need 15% Deposit plus stamp duty plus costs as funds to complete. It is actually quite hard for the average Self Employed Australian to get a mortgage from a bank in comparison to a PAYG worker who generally [...]

How much deposit do I need for a Low Doc Home LoanRay Ethell2023-07-01T11:18:19+10:00

Can you get a Home Loan with Bad Credit?

Non Conforming Loans is Letting Home Buyers Know They Can Still Get A Home Loan with bad credit. Non Conforming Loans is known for their “out of the box” loan options and they specialize in loans that meet the needs of individuals who have been declined by traditional lenders and/or who might need a loan for reasons that don’t meet the strict criteria of most banks. There are many reasons why certain borrowers will not meet the lending requirements [...]

Can you get a Home Loan with Bad Credit?Ray Ethell2023-07-01T11:25:26+10:00