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If there has been a bump in the road or you are not meeting the lending criteria of your bank, it may be your credit rating impacting your application.

There are steps you can take to understand what can be done to improve your credit rating. If you simply would like to explore what’s possible, get in touch to make an appointment.

Non Conforming Mortgages

Are mortgages that do not conform to a lender’s typical loan underwriting criteria. This may be due to poor credit history, or those who may not have been employed long enough to show a history of earning an income.  Non-conforming loans may exceed 80 per cent of the security’s value and the interest rate is based on the severity of the credit history.

Lo Doc Loans

Are generally made to a borrower with a clean credit history and therefore the most important factor for the lender to consider is the value of the asset being used as security. Because the asset is vital to these loans the location of the security is also imperative and hence insurers, as well as lenders alike may not lend for high-risk areas such as inner city high-rises or large rural allotments.

Who Can Apply?

Every application is viewed on it’s merits, here are the types of applicants we can help:

  • Self employed individuals, companies and trusts
  • ABN registered for 12 months or more
  • Borrowers with past or present credit issues
  • Borrowers with a bad credit rating
  • Applicants who cannot fully verify their income
  • Discharged bankrupts
  • People with previous mortgage or rent arrears
  • Borrowers with ATO debts