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 [...]
Can I get a Home Loan with Bad Credit? Bad Credit Home Loans are for applicants that have defaults, repossessions, judgement's, discharged bankruptcy...forget everything the media, the big banks and the majority of mortgage brokers have ever told you about these financial issues and mortgages! I guarantee what you have heard is negative, and enough to drive a person with bad credit to "Despondency Central"! The great news is that it's all wrong! Completely false! There is hope for [...]
Mortgage Arrears are not to be Ignored Unlike many other things in life, if you ignore your mortgage arrears they will not go away. Mortgage arrears if the worst does happen could result in foreclosure by your lender and the loss of your home. However if the worst does not happen, your mortgage arrears could still do a lot of damage to your credit history and your ability to borrow in the future. If you are experiencing a problem [...]
Can you Get a Mortgage with Bad Credit? Buying a Home is now simple for Applicants with Bad Credit as now we have Bad Credit Mortgages. Use these simple steps to qualify for Bad Credit Mortgages. Get yourself a free copy of your credit report. If you have been declined from your bank for your credit history or credit score it is important to get a copy of your credit report. You can obtain a copy of your report [...]
Options to Eliminate or Consolidate Debt The Australian economy may be healthier now however there are clouds on the economic horizon with the certainty of further interest rate rises and unemployment increases. But this doesn't mean families or individuals are necessarily doing it easy as personal debt is at record levels. The personal debt to income ratio in Australia is one of the highest in the world – higher than America and the UK (For every $100 we earn, [...]
Bad Credit Home Loans in Australia Many people believe that once you have filed bankruptcy or developed bad credit you will never again obtain a home loan. This was the case many years ago but it no longer holds true as no matter how bad your credit history is, even one day after bankruptcy, you may still be able to qualify for a home loan with bad credit. The Australian home loan market has changed markedly over the past [...]
Definition of a Judgement Debt If you owe a person or a company money and fail to repay that money by the agreed due date, the creditor can apply for a court or tribunal order demanding that you repay your debt. An order made by the court or a tribunal is called a judgement debt. Before understanding the consequences of judgement debt in detail, you need to understand the exact meaning of court judgement. Definition of a Court Judgement [...]
Credit Scores V Credit Reports Are you are often confused when trying to determine the difference between Credit Reports and Credit Scores? You will be interested to know that you are not the only person who is confused about the terms. The confusion often occurs because the two affect your ability to obtain a prime home loan or a non conforming home loan or any other finance arrangement. But, there is a BIG difference between the two. When you [...]
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 [...]
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, [...]