You can get a Home Loan after Bankruptcy Life happens! You lose your job, you lose your house, your car is repossessed, and then to keep the creditors from hounding you at all hours of the day, you file a bankruptcy. Well, what did they expect? It’s not like you’re a deadbeat. It’s not like you went to work and asked the boss to terminate you so you could go home and eat Bon Bons. No, you lost your [...]
Can yo get a 95% LVR Home Loan after Bankruptcy? Emerging from bankruptcy can be a challenging journey, but it’s important to remember that it’s not the end. One of the most significant steps towards rebuilding your financial life is regaining your creditworthiness. In recent times, there has been a growing trend of offering 95% LVR home loans to former bankrupts. This can be a beacon of hope for those looking to get back on their feet. The Road [...]
Should I Rent or Should I Buy a Home after being Discharged from Bankruptcy? Being discharged from Bankruptcy is a challenging financial hurdle that can leave a lasting impact on your credit and your ability to make significant financial decisions, such as buying a home. After being discharged from bankruptcy, one of the biggest decisions you’ll face is whether to rent or buy a home. This article aims to provide guidance by examining the advantages and disadvantages of renting [...]
Mortgages After Bankruptcy to 95% LVR in High Population Areas Being discharged from bankruptcy can be a challenging journey, but it’s important to remember that it’s not the end. One of the most significant steps towards rebuilding your financial life is regaining your creditworthiness. Lenders have been offering 95% mortgages to discharged bankrupts for those looking to get back on their feet. The Road to Recovery after Bankruptcy Bankruptcy is a legal process that provides relief to individuals overwhelmed [...]
Non Conforming Home Loans and Mortgages in Australia Non conforming home loans are basically defined as finance for those people who may be in unusual situations with how their income is paid or how they wish to finance their home loan or mortgage. Non conforming home loan borrowers are also people who may have been previously rejected for a home loan for a number of reasons such as bad credit history, bankruptcy or unusual incomes (more information on non [...]
Who will give me a home loan after a part 9 Debt Agreement? After completing a part 9 debt agreement in Australia, it can be challenging to secure a home loan, as your credit history will have been affected. However, there are still some options available to you: Non Conforming lenders: Cater to borrowers with unique circumstances or credit issues, including those who have had a debt agreement. They may consider lending to you if you can demonstrate that [...]
Can you get a home loan after Bankruptcy? Buying a House After Bankruptcy: It may be possible to get a home loan after Bankruptcy, but it can be more challenging. Many lenders consider discharged bankrupts to be high-risk borrowers due to their credit history. However, some non conforming lenders specialize in providing loans to borrowers with bad credit, including discharged bankrupts. Here are some general points to keep in mind if currently discharged from Bankruptcy: Discharge period: You must [...]
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 [...]
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, [...]