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Non Conforming Home Loans |
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A bad credit history should not stop you from obtaining a home loan. Credit impaired loans and Non Conforming Home Loans are designed to assist those borrowers with a poor credit history, defaults or limited financials.
Non Conforming Home Loans are ideal for:
- Self employed with poor or no financials.
- Those with no savings history.
- If you have a number of debts to consolidate.
- If you have got into arrears with your mortgage and other debts.
- If you have defaulted on current or past loans.
- If you have any judgments against your name or if you are an ex-bankrupt.
- An Irregular income such as: casual and part-time employment, government assistance/benefits, maintenance payments and many more.
- Companies with a recently registered ABN/ACN number.
There is a good chance that RFS can assist you, and we will do so in a non-judgmental manner. This area of the mortgage market is growing steadily in Australia and gaining in popularity. A few select lenders in Australia have designed products to specifically help customers that don't fall under more traditional categories. RFS is accredited with these lenders and can in most cases offer a practical solution to your financial needs.
By refinancing through a non conforming lender, you may be able to minimise repayments, by consolidating your debt and over time this will have the effect of improving your credit rating. The level of credit impairment can range from arrears to bankruptcy, and this coupled with the loan security, will have a direct effect in determining what interest rate is applied to the loan product. You may however be surprised at just how competitive these loans are and the features that they offer.
“I can't get a home loan through my traditional lender”
If you can not substantiate your income or don't meet a traditional lenders criteria, then a Non conforming loan may be ideal for you. Customers who can only provide limited financials (low doc home loan) or no financials (no doc loan) can now discuss their needs with a RFS consultant with confidence.
For more information or to make an appointment to meet with an RFS consultant,
Call Now at 1300 88 42 99 |
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