debt-1376061Non-conforming loans are mortgages that do not conform to a lender’s typical loan criteria. This may include situations where the applicant has a poor or bad credit history, or who may not have been employed long enough to show income history.

Many Borrowers have become affected by Lenders who are tightening their credit policies in recent times. Here at Best Loans First, we recognize that these borrowers are more than capable of servicing a loan but for one reason or another they don’t comply with major lender guidelines.

We understand that life can sometimes interfere with good intentions of honouring your credit providers and loans. We have handled clients who have faced unemployment, illness, injury, divorce, or even a dispute with a creditor. Best Loans First believes in second chances. Generally, applicants who are employees, even part time, will be successful in securing a loan with one of our lenders at competitive rates. Even if you are self-employed and cannot provide financials, we have Lenders willing to offer finance packages to suit your circumstances.

** We have interest rates for owner occupiers starting as low as 4.39%**

Some possible scenarios for requiring a non-conforming loan are:

  • Your repayments on your mortgage or other debts have been late at some stage over the past 6 months
  • You have been declined for a new loan even though you are working full time or part time
  • Credit card and personal loan repayments are too high for you to manage and you want to consolidate everything into a new home loan so that you just have one easy monthly repayment
  • You may be wanting to better your credit history, by paying out defaults, judgements, debts to the ATO or Creditors.

Contact us to discuss your options.