Bad Credit Home Loans
Bad Credit Home Loans is a mortgage which is designed to assist borrowers with poor Credit History to purchase or refinance a home.
Generally, Bad Credit Home Loans would be an option for applicants who relate to some of the following:
Missed payments on your existing Home Loan
If you have defaults, judgments, multiple Credit enquiries
Entered into a Part IX Debtor Agreement or Full Bankruptcy
The idea behind Bad Credit Home Loans is to provide our clients with the funding they require today, then establish a plan of action for the next 24 months with the intention of transferring their loan to a prime lender at a lower interest rate.
For Bad Credit Home Loans, Credit Reform has access to over 15 Non-Conforming lenders that can help our clients get approvals for a Home Loan.
Lender products that are available for Bad Credit Home Loan applicants are as follows:
With Bad Credit Home Loans, Interest Rates offered from a lender will be determined by the following:
We would also recommend the client engage Credit Reform for Credit File Repair. This could be an option prior to the lodgement of an application.
Credit Reform Australia
Call us today on 1300-281-133