DON'T RISK LOSING YOUR HOME
DON'T MISS OUT ON PURCHASING A HOME BECAUSE OF FINANCIAL OBSTACLES
Mortgage-Mart understand that more than 10% of the population have had credit problems in the past or may be currently experiencing them. In most cases, traditional lenders will refuse any additional finance in this scenario.
In recent times, new players have entered the market called Non-conforming lenders. Non-conforming lenders will exceed boundaries which other lenders will not consider. MortgageMart recognise that people can find themselves in situations where their credit history is effected due to;
- Loss of employment
- Marriage break-up
- Injury preventing them from working
- Over exposure to debt
- Spiralling costs of living
- Bad credit management
- Bankruptcy
The advantage of a Non-conforming home loan is that clients can restart their financial lives again. Disadvantages of these type of home loans is that they will traditionally include higher fees and higher rates, but if this type of loan is managed well, borrowers may re-enter the traditional home loan market in the future.
Mortgage-Mart 's non-conforming lenders also cater for the following type of situations;
- Self-employed with no financials
- Asset Rich, Income Poor
- Short term employment or unusual income source
- Recently started a new business
- Pension support / centrelink
Mortgage-Mart has established a "Second Chance" department where our consultants are specialists in the non-conforming field.
If you need more information on these types of home loan products and how they suit your individual home loan needs, enquire online or call 1300 720 623 to speak with an experienced Mortgage-Mart consultant.
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