Non conforming Home loans.
What are non-conforming home loans? Non-conforming home loans are home loans that are now available for home owners who don't fit the traditional lending criteria. Non-conforming home loans may suit you if you have had some late repayments or some credit problems now or in the past. You can even use non-conforming home loans if you have been recently discharged from bankruptcy. Non-conforming home loans offer more options for refinancing or purchase.
Non-conforming home loans are relatively new to the Australian Mortgage market. Non Conforming lending has become more main stream lending from the late nineties with a number of Non Conforming lenders offering flexible home loan products such as a standard loan or a lo Doc loan or Line of Credit.
Finally there are options for people who the bank has said no to, does this sound like you?
Non-conforming home loans give options and flexibility to many borrowers who in the past without access to these Non-conforming home loans would not have been able to fund their home loan or consolidate their debts.
Non-conforming home loans cover many different areas for home buyers. You may need a Non-Conforming Home Loan if you have had bad credit in the past, even if you have only just been discharged from Bankruptcy you may qualify for a Non Conforming Home Loan.
Non conforming loans have helped many people with:-
a Non-Conforming Home Loan to help refinance their current debts or used a Non-Conforming Home Loan to purchase a new property or even to pay off their tax debt.
Non-conforming home loans give options to those people who have been declined by traditional lenders, many of the major banks require their loans to be mortgage insured, and Non-conforming home loans are not insured by Mortgage insurers.
The main purpose of a Non Conforming Loan is to give fair and accessible funding to ordinary people who are self employed or those who have had credit problems in the past. You may need a Non-Conforming Home Loan if you are only short term employed or haven’t saved you home loan deposit over the banks required period.
For more information go to www.altrust.com.au
Monday, May 21, 2007
Thursday, May 17, 2007
Non conforming loans.
Non conforming home loans for debt consolidation or purchase.
It doesn’t take much for you get a bad credit rating these days and that's why we have non conforming home loans, many lenders; telecommunication companies and creditors seem to go to litigation at the drop of a hat. Non conforming home loans can help. Bad credit causes many problems when it comes to wanting to borrow more money in the future, it place restrictions and limitations on your borrowing capacity and options. Bad credit home loans can help.
It's vital to keep your bad credit listings to a minimum as lenders do not tolerate many bad credit listings and Mortgage Insurers rarely accept people with bad credit, this is where a bad credit home loan can help you. If you have bad credit it's important that you don’t hide from it, as it doesn’t go away and if you only fix it up when you want more money the lenders will take this into account when they assess whether you are a good risk to them.
Every day people find themselves in financial hardship due to unfortunate circumstances outside of their control. Before long they fall behind on their house or car repayments, are unable to pay the credit card bills, or struggle with other commitments such as council or water rates. If this results in a writ or court judgment being filed against you the bad credit incident may be listed on your personal credit report. Have you thought 'nobody can help me’?
In most circumstances someone can help you. Whatever the situation, you need to find a brokers who are experts in assisting people with bad credit difficulties and we recognize that every situation is unique. This is where non conforming home loans can help you. Fortunately with bad credit become a regular part of Australia life there are more options available to you than ever before. So if you have bad credit call a broker now and they can assess your situation and see if we can help you get everything back on track. Even if you fit into one or more of the following categories we may be able to assist you with your mortgage:-
Less than perfect credit history
Self employed
Rejected by mortgage insurers
Incomplete or no tax returns
Short-term employed
Irregular income
Limited savings history
Existing loan arrears or defaults
Government Allowances
Previously bankrupt
Pensioner
Rejected by another lender
Foreclosure
For more information please visit www.altrust.com.au
It doesn’t take much for you get a bad credit rating these days and that's why we have non conforming home loans, many lenders; telecommunication companies and creditors seem to go to litigation at the drop of a hat. Non conforming home loans can help. Bad credit causes many problems when it comes to wanting to borrow more money in the future, it place restrictions and limitations on your borrowing capacity and options. Bad credit home loans can help.
It's vital to keep your bad credit listings to a minimum as lenders do not tolerate many bad credit listings and Mortgage Insurers rarely accept people with bad credit, this is where a bad credit home loan can help you. If you have bad credit it's important that you don’t hide from it, as it doesn’t go away and if you only fix it up when you want more money the lenders will take this into account when they assess whether you are a good risk to them.
Every day people find themselves in financial hardship due to unfortunate circumstances outside of their control. Before long they fall behind on their house or car repayments, are unable to pay the credit card bills, or struggle with other commitments such as council or water rates. If this results in a writ or court judgment being filed against you the bad credit incident may be listed on your personal credit report. Have you thought 'nobody can help me’?
In most circumstances someone can help you. Whatever the situation, you need to find a brokers who are experts in assisting people with bad credit difficulties and we recognize that every situation is unique. This is where non conforming home loans can help you. Fortunately with bad credit become a regular part of Australia life there are more options available to you than ever before. So if you have bad credit call a broker now and they can assess your situation and see if we can help you get everything back on track. Even if you fit into one or more of the following categories we may be able to assist you with your mortgage:-
Less than perfect credit history
Self employed
Rejected by mortgage insurers
Incomplete or no tax returns
Short-term employed
Irregular income
Limited savings history
Existing loan arrears or defaults
Government Allowances
Previously bankrupt
Pensioner
Rejected by another lender
Foreclosure
For more information please visit www.altrust.com.au
Wednesday, May 16, 2007
Low Doc loans
Low doc loans for self employed and sub contractors.
Low Doc for self employed.
Changes in lifestyle and financial trends are finding more and more Australians working for themselves. Being self employed has many benefits but also some draw backs. Often tax returns have not been completed or are complex.
This has added to the demand for non-conforming products, like Low Doc (Lo Doc) Home Loans or No Doc Home Loans.
They are called 'low docs' because the applicant is only required to supply the lender with a declaration (which comes in different forms) that they can afford the repayments.
No Financials are required for this type of loan:
It's a quick and easy mortgage and finance solution with no proof of income required
Just complete and sign an income declaration form with the standard home loan application.
This saves you the hassle of working through pay slips, tax returns and other documents when applying for a home or investment loan.
Low Doc Home Loans are now no more expensive than traditional loans . These loans are predominantly for clients who are looking to purchase residential or investment properties or refinance existing housing property and don't have PAYG or current taxation returns to confirm their income.
Banks will require 20% deposit or equity and for you to have had an ABN for 2 years. Some banks will only require an ABN for 1 day if you have 40% deposit or equity.
Some specialist lenders will go to 95% Low Doc loans, these will attract a higher interest rate.
Low doc loans attract mortgage insurance for loans above 60% lend, as opposed to 80% for fully verified loans.
Non conforming lenders will allow you to have as little as 10% deposit and only have your ABN for 1 year. The larger your equity or deposit the lower your interest rate.
Low Doc for PAYG.
Low doc loans are now available for pay as you go employees also, these are designed for those who have seasonal work or receive bonuses and their pay slip don't reflect that at the moment.
Low Doc loans are designed for people who are:-
Self-employed
Employees with irregular income
Independent Contractors
Investors
No-Financials borrowers
Credit Impaired
Ex-Bankrupt
Or even clients with arrears on their current mortgage and borrowers who have been declined by traditional lenders
For more information regarding Low Doc Home Loans visit www.altrust.com.au
Low Doc for self employed.
Changes in lifestyle and financial trends are finding more and more Australians working for themselves. Being self employed has many benefits but also some draw backs. Often tax returns have not been completed or are complex.
This has added to the demand for non-conforming products, like Low Doc (Lo Doc) Home Loans or No Doc Home Loans.
They are called 'low docs' because the applicant is only required to supply the lender with a declaration (which comes in different forms) that they can afford the repayments.
No Financials are required for this type of loan:
It's a quick and easy mortgage and finance solution with no proof of income required
Just complete and sign an income declaration form with the standard home loan application.
This saves you the hassle of working through pay slips, tax returns and other documents when applying for a home or investment loan.
Low Doc Home Loans are now no more expensive than traditional loans . These loans are predominantly for clients who are looking to purchase residential or investment properties or refinance existing housing property and don't have PAYG or current taxation returns to confirm their income.
Banks will require 20% deposit or equity and for you to have had an ABN for 2 years. Some banks will only require an ABN for 1 day if you have 40% deposit or equity.
Some specialist lenders will go to 95% Low Doc loans, these will attract a higher interest rate.
Low doc loans attract mortgage insurance for loans above 60% lend, as opposed to 80% for fully verified loans.
Non conforming lenders will allow you to have as little as 10% deposit and only have your ABN for 1 year. The larger your equity or deposit the lower your interest rate.
Low Doc for PAYG.
Low doc loans are now available for pay as you go employees also, these are designed for those who have seasonal work or receive bonuses and their pay slip don't reflect that at the moment.
Low Doc loans are designed for people who are:-
Self-employed
Employees with irregular income
Independent Contractors
Investors
No-Financials borrowers
Credit Impaired
Ex-Bankrupt
Or even clients with arrears on their current mortgage and borrowers who have been declined by traditional lenders
For more information regarding Low Doc Home Loans visit www.altrust.com.au
Tuesday, May 15, 2007
Bad credit Home loans
Help for those with bad credit history.
Every day people find themselves in financial hardship due to unfortunate circumstances outside of their control. Before long they fall behind on their house or car repayments, are unable to pay the credit card bills, or struggle with other commitments such as council or water rates which can result in a writ or court judgment filed against them and listed on their personal credit report. We are all working longer and trying to squeeze so much into our days, sometimes we fall behind or just miss a payment.
Many think ‘nobody can help me'?
Whether you have had bad credit in the past or even behind on your repayments non conforming loan can help you consolidate your loans into your mortgage. There are a number of specialist lenders who lend for these exact circumstances and a number of mortgage brokers who specialize in assisting people experiencing these difficulties.
The is a growing number of lenders and loans that allow you to be able to borrow for a new home or refinance your current property and other debts even though you have credit problems. Most of these lenders do not have mortgage insurance; this allows the lender to be more flexible in its lending criteria. The non conforming loan market is one of the fastest growing sectors of the home loan market, and finally they can offer you some options. We have help get back on top of their credit problems and consolidate all of their loans into one simple payment.
Non conforming loans can help!
If you are experiencing problems your next step - Act Quickly!
Unfortunately these problems do not disappear. For the benefit of yourself and your credit history, it is important to act promptly before it becomes too late to do anything. Even if you fit into one or more of the following categories lenders may be able to assist you with your mortgage: Mortgage arrearsLess than perfect credit history Self employed Rejected by mortgage insurers Incomplete or no tax returns Short-term employed Irregular income Limited savings history Existing loan arrears or defaults Government Allowances Previously bankrupt Pensioner Rejected by another lender Foreclosure
Importantly you need to talk with a professional as soon as possible; before the problem becomes irreversible and you have your home foreclosed or you have to sell at a low price due to the circumstances.
For more information about bad credit loan go to www.altrust.com.au
Every day people find themselves in financial hardship due to unfortunate circumstances outside of their control. Before long they fall behind on their house or car repayments, are unable to pay the credit card bills, or struggle with other commitments such as council or water rates which can result in a writ or court judgment filed against them and listed on their personal credit report. We are all working longer and trying to squeeze so much into our days, sometimes we fall behind or just miss a payment.
Many think ‘nobody can help me'?
Whether you have had bad credit in the past or even behind on your repayments non conforming loan can help you consolidate your loans into your mortgage. There are a number of specialist lenders who lend for these exact circumstances and a number of mortgage brokers who specialize in assisting people experiencing these difficulties.
The is a growing number of lenders and loans that allow you to be able to borrow for a new home or refinance your current property and other debts even though you have credit problems. Most of these lenders do not have mortgage insurance; this allows the lender to be more flexible in its lending criteria. The non conforming loan market is one of the fastest growing sectors of the home loan market, and finally they can offer you some options. We have help get back on top of their credit problems and consolidate all of their loans into one simple payment.
Non conforming loans can help!
If you are experiencing problems your next step - Act Quickly!
Unfortunately these problems do not disappear. For the benefit of yourself and your credit history, it is important to act promptly before it becomes too late to do anything. Even if you fit into one or more of the following categories lenders may be able to assist you with your mortgage: Mortgage arrearsLess than perfect credit history Self employed Rejected by mortgage insurers Incomplete or no tax returns Short-term employed Irregular income Limited savings history Existing loan arrears or defaults Government Allowances Previously bankrupt Pensioner Rejected by another lender Foreclosure
Importantly you need to talk with a professional as soon as possible; before the problem becomes irreversible and you have your home foreclosed or you have to sell at a low price due to the circumstances.
For more information about bad credit loan go to www.altrust.com.au
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