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| Credit Impaired Home or Credit Impaired Investment Loan |
Adverse Credit
Credit Impaired Loans
A number of "Non Conforming"
Lenders offer purchase or re-finance loans to individuals or companies
with various forms of credit impairment.
The level of credit impairment can vary dramatically from simply late
payments on existing debts to defaults to judgments to part 'X' arrangements
and bankruptcy. Applicants with multiple levels of impairment may
also be approved by certain lenders.
The maximum LVR on any credit impaired loan is generally 90% of the
value of the property being purchased or refinanced and applies to
private, investment or commercial loans.
You can never be locked into any loan by any lender!
(This means that irrespective of being in a fixed rate loan or a variable rate loan, you can leave that lender by paying their indicated break fee. It is often the case that break fees are less than the benefits received by switching to a better loan product.)
The
Australian Home Loan Industry boasts in excess of 3,000 loan products,
options and variations. Mortgage Buddy as a true Mortgage &
Finance Broker can assist you with the majority of these various
home loan options.
Financial Assistance Through Life!
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