HAVE ANY QUESTIONS? CONTACT US
Mon - Sun: 7:00 - 21:00
Open 7 days
0411 229 602
Call
troy@pmbg.com.au
Email

FIRST HOME BUYERS

We have a range of home loan
options, including low deposit and
no deposit ( with a guarantor) home loans.

DEBT CONSOLIDATION

We may be able to help consolidate
debts like credit cards, personal
loans and more with your home loan.

COMPARE YOUR HOME LOAN

Our obligation free online
home loan health check may
help you save money!

Credit Impaired Home Loans

Credit Impaired mortgages are home loans available if you have credit defaults, court judgements or writs or may have been bankrupt. Things happen in life at times where you may of found yourself in trouble financially. Credit impaired home loans may help purchase a new home, refinance personal debts, tax debt, infact they may help your current financial situation. If the bigger banks wont help you with a home loan because of credit issues, it may be worth considering a mortgage for credit impaired people. These are also referred to as 'non conforming home loans'.

The interest rate on non conforming home loans are generally higher than those of traditional banks. The interest rate may increase more, if you have multiple credit issues or bankruptcies. It is important if you are thinking about a credit impaired home loan to speak to a qualified Mortgage Broker to discuss your needs, and help you make an informed decision.

Non conforming home loans are available to anyone that may of had credit issues in the past. There are also Lo Doc Home loan options available too. The lending criteria from non conforming lenders too, may be a little more relaxed than traditional banks, thus allowing you to have more control over what you may use the funds for (like for business purposes).

Advantages

  • You may able to keep your current home.
  • You may be able to purchase a new home sooner.
  • You may be able to consolidate other debts (personal loans, tax debt, etc) into your home loan, thus reducing your monthly commitments.


Disadvantages

  • The interest rate on the mortgage will generally be higher than traditional home loans.
  • The home loan application and closure fees may be expensive.


General Credit Impaired Home Loan Fees

  • There may be an application fee.
  • There may be a monthly or annual fee.
  • There may be a risk fee, associated with the home loan.
  • The interest rate maybe more expensive.


Loan Term And Repayment Types

  • The home loan term may range from 5 to 30 years.
  • Principle and interest repayments are available
  • Interest only repayments may be available.


If you would like some more information about credit impaired home loans, contact Perth Mortgage Broker Group , or call Troy on 0411 229 602, 7 days a week.

Contact Us

Please let us know your name.
Please let us know your email address.
Invalid Input
Preferred Contact
Invalid Input
Please let us know your message.

Your Home Loan Repayments

  • MORTGAGE CALCULATOR

    • Loan Amount ($)
    • Interest Rate (%)
    • Term in Years (Max 30)
PERTH PROPERTY REPORTS

PERTH PROPERTY REPORTS

As part of our service, we are offering free Perth property reports on as many properties as you like.
Perth Mortgage Broker Group
We are open 7 days a week.
Please contact us anytime.
0411 229 602
troy@pmbg.com.au
© Copyright 2018 Perth Mortgage Broker Group. All Rights Reserved.

Search

Contact

Please let us know your name.
Please let us know your email address.
Invalid Input
Preferred Contact
Invalid Input
Please let us know your message.