Non Conforming Home Loans
There are various reasons why a lender would be more reluctant to loan to specific purchasers. Eventually, everything comes down to whether they’re a financial risk – the lender needs confirmation that a borrower won’t default on their home loan, and whether we will be placing the clients in a better financial position.
A non-conforming borrower is usually identified with some sort of bad credit whether it is their fault or unfortunate circumstances in which they found themselves. There are many different reasons why some people are classed as non-conforming this can include the following:
- unexpected illness or disability
- too much debt
- late or missed repayments
- lending money to somebody else
- losing your employment for a period of time
Some lenders would not consider borrowers in the above positions, however, things go wrong in life.
Better Choice Home Loans can assist borrowers who find themselves in these situations. Call us and we can assist you with a home loan solution.
Your Home Your Mortgage:
A Home Buyers Guide
Your Mortgage Your Options:
A Home Owners Guide To Refinancing
From the moment you turn the key in the lock and take those first few steps through your new front door, the feeling of owning your own home is second to none.
Your Home Your Mortgage aims to arm home buyers and investors with essential know-how and proven techniques to ensure you avoid the common pitfalls of financing a property.
There’s no question the current mortgage environment is one of the most competitive in our nation’s history.
Refinancing provides Australians with a platform to get a better deal on their current mortgage, many of which may have been locked in some years ago at interest rates well above what’s on offer in today’s competitive market.