Near Prime Home Loans

Are you looking for financial flexibility but don't want to go through the traditional banking route? Australia has a thriving non-bank lending industry that can provide you with the funds you need. In this comprehensive list, we explore the top non bank lenders in Australia that offer attractive interest rates, flexible loan terms, and streamlined application processes. With the rise of online platforms and innovative fintech companies, borrowers now have more options than ever when it comes to securing [...]

Why has My Home Loan been declined? Navigating the path to home ownership can be as complex as it is exciting. While most prospective buyers are aware of the common reasons a mortgage application might be declined – such as a low credit score or insufficient income – there are lesser-known pitfalls that can also derail your home-buying journey. Understanding these can be the key to not only securing your mortgage but also ensuring you get the best possible [...]

Home Loans for Older Borrowers in Australia Applying for home loans for older borrowers is always challenging especially when the loan term exceeds retirement age. Although it is illegal for lenders to discriminate based on age when granting a mortgage most Lenders have restrictions. Mortgage eligibility is not determined solely based on age; rather, lenders consider a variety of factors when evaluating mortgage applications. Here are some key points to consider when applying for home loans for older borrowers: [...]

Can you get a Home Loan if You are an Older Borrower? Home Loans for Older Borrowers: It is true that some lenders in Australia may have (unofficial) age restrictions when it comes to lending to older borrowers. However, there are still lenders who are willing to offer home loans for older borrowers as long as there is a clear exit strategy in place to repay the loan. What is an Exit Strategy for an Older Borrower? An exit [...]

You can still get a Home Loan with Non Standard Income / Employment Despite a changing workforce with a diversity of employment types, banks are still very conservative. Lending polices are increasingly tougher and this is making it more difficult than ever to obtain a home loan. Traditionally, banks saw individuals that worked a 9-5 job in a high demand industry as low risk borrowers, however the work force is changing at a rapid pace. Some of the highest [...]

Can I get a Home Loan while on Probation? Probation home loans are required as it is now more common within many public and private employment sectors for new Employees to be on a Probation Period. It allows your employer to review your performance within a company before rewarding you with a full time position. Equally, you can also assess whether or not you like your new job before making a commitment under contract. There are many advantageous aspects [...]

Are there Lenders that don't require Genuine Savings? During the global financial crisis, banks in Australia tightened up their lending policy with most requiring a 15% deposit minimum before they would lend. The deposit of 5% needed to come from a genuine savings source - that is, saved up or held in a bank account for 3 months minimum before the bank would lend. Recently though, policy has started to relax and home loans with lenders that don't require [...]