Most banks will not approve loans to help you pay out tax debt. We can help you refinance your tax debt to put you back on the front foot, back in control. What is a Tax Debt? The tax debt or liability is the total amount of debt (money) a taxpayer or entity is legally obligated to pay the government as the result of the occurrence of a taxable event. Different taxable events command different tax liabilities and include, [...]
Non Conforming Home Loans have Solutions for People with Paid or Unpaid defaults In the past, lenders considered default history as the most damaging thing for a home loan. They rejected home loan applications of people with defaults in the past. But, today the condition is different. Fortunately, there are some non conforming lenders and credit providers who offer home loans to people with default history or low credit scores. Such loans are called bad credit home loans. Bad [...]
Non Conforming Lenders There are many reasons why people get turned down for a home loan by mainstream lenders/credit providers. You may not realise that one of the most common reasons is paying a bill late or defaulting on a loan repayment. Other reasons include having a part 9 debt agreement against you, a bankruptcy, a default on a credit card or a loan or having court judgements against you. Don't despair as non conforming home loans can give [...]
What is a Non Conforming Home Loan? A non conforming home loan is a home loan offered to borrowers who don’t meet the standard lending criteria set by banks and other major lenders. as an example if you've got a poor credit record, a past history of bankruptcy, or difficulty proving your income because you’re self-employed. If that sounds familiar, you’re in no way alone. Specialist lender Non Conforming Loans has estimated one in five people will require a [...]
Non Conforming Lenders for out of the box home loans in Australia to 95% LVR Non Conforming Lenders are making mortgages possible for those that have the chances stacked against them. With loan application rejections on the increase in Australia, there’s growing concern over how the method could affect Australians’ mental state. Of those who’ve experienced rejection when applying for a replacement mortgage, 31% claim they were left feeling depressed, in step with a survey by specialist mortgage broker [...]
How to get a Home Loan to 95% LVR in Australia even 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 Specialist Lenders come into play as these Funders cater for applicants that do not meet mainstream lenders’ [...]
How Non Conforming Lenders In Australia Can Help You Secure the Property of Your Dreams Securing a home loan can be incredibly difficult if you do not fit the lending criteria that is typically stipulated by banks and other lenders. A poor credit score or unstable financial history may lead traditional lenders to reject your application before even considering it. This can be extremely disheartening and unfair. Fortunately, there are non conforming lenders helping Australians to secure a home [...]
How to get a home loan with a low credit score in Australia If you are someone with a low credit score, you may be wondering if it will ever be possible for you to get a home loan. Financial hardships can occur at any time throughout your life. This shouldn’t mean that you cannot apply for a home loan. Many banks and lenders, however, will not even consider the application of someone with a low credit score. Fortunately, [...]
Non Conforming Loan and a Bank Loan A conforming loan / Bank Loan is a loan which comes from a mainstream bank (like NAB, Westpac, Commbank or ANZ) or a prime lender which is based on standard banking rules and criteria. People who have a regular job, clean credit and can have their income validated via PAYG statements and payslips usually apply for conforming loans. For a Bank / Prime mortgage, you’ll generally need a minimum credit score of [...]
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 [...]