Are Home Loans with Extremely Bad Credit Available? If you thought it was impossible for people with extremely bad credit to get a home loan that work for them? Think again! We'll forgive you for thinking the only home loans available for people with financial problems are high interest ones, because that's the message you get when you listen to the media, the big lenders and majority of mortgage brokers. Most of them won't even give a extremely bad [...]
The Traps and Tips for Very Bad Credit Home Loans It's a real jungle out there in the world of very bad credit home loans, and when you are suffering from financial problems you're fair game to some. Sounds scary right? It needn't be if you familiarise yourself with the surrounds and get to know the traps, so you can see them from a mile away and avoid them like the plague! Very bad credit home loans are certainly [...]
Is it Possible to Get a Home Loan with Bad Credit in Australia? Approach any person in the street and ask them is it possible to get a home loan with bad credit or discharged bankruptcy situation in Australia. I can say with almost full certainty that the majority of these people you speak to will say that a bad credit home loans are not available or will incur huge interest rates that will render them impossible to pay [...]
Is there such a thing as a Bad Credit Home Loan in Australia with a Guaranteed Approval? There are bad credit home loans available in Australia however there are no Guaranteed Approval of Bad Credit Home Loans. as there are still responsible lending obligations that the funders need to follow. The main onus on the funder is to make sure that the loan services from the income of the Applicants and generally a requirement of 5% Deposit Plus costs [...]
Mortgage Lenders after Bankruptcy Many people think they must wait at least seven years to apply to a mortgage lender after bankruptcy. In the past, traditional mortgage lenders have automatically rejected people who had declared personal bankruptcy. This is a common misconception. While some people declaring bankruptcy have had trouble managing their money, a large number of those declaring have simply experienced unfortunate events. Australians are filing bankruptcy at record-high levels over the last five years. The rise in [...]
What are Non Conforming Home Loans? Non Conforming Home Loans are for people at certain times of their life that find themselves in financial hardship due to unfortunate circumstances. Before long they fall behind on their house or car repayments, are unable to pay the credit card bills, or struggle with other commitments such as council or water rates which can result in a writ or court judgment filed against them and listed on their personal credit report. Non [...]
Can I Refinance my Home Loan with Bad Credit? Bad credit home loan refinance products are best for borrowers who could possibly default on home loans. The refinance program is specifically for people with a bad credit history or current arrears. The number of foreclosed homes due to mortgage defaults have drastically increased because of the increase in Interest rates and inflation. Many homeowners have lost their homes because of their inability to repay home loans. Some of them [...]
How to get a home loan with Bad Credit You're all excited at the prospect of getting your home loan, and the broker submits the loan application on your behalf. You are waiting for the application to be processed, with great anticipation. Finally the phone call comes, and your heart sinks. DECLINED! It happens all the time to many people, however if you have bad credit and you're dealing with banks, you're going to get rejection. The really good [...]
Home Loans for Bad Credit in Australia All of those negative messages you hear about home loans for Bad Credit! I'm talking here about how it is commonly believed that if you have bad credit it's virtually impossible to get a home loan, and if you do happen to get a home loan, then the interest rate will be so high it will be a feat in itself just meeting the repayments. In Australia, every Tom, Dick and Harry [...]
Choose the right Mortgage Broker if you have Bad Credit Been driving around your city recently? If so, you've probably seen the dozens of mobile mortgage brokers that are out there, busily rushing from meeting to meeting with prospective home buyers. Just recently when I was on the road, I spotted five in just ten minutes, and they were the marked cars! There are many more unmarked ones on the road on any given day, so you can tell [...]