Getting a home loan can be incredibly difficult if you don’t meet the loan criteria typically set by banks and other lenders. A bad credit score or unstable financial history can cause traditional lenders to reject your application before they even consider it. This can be very discouraging and unfair. Fortunately, lenders like Non-compliant loans helping all Australians to have an equal opportunity to get a home loan and buy the property of their dreams.
Did you know that an estimated one in five Australians will struggle to get a mortgage? According to Non Conforming Loans, this is the current statistic, and it’s a huge number of people without access to the real estate market. There are many reasons why someone cannot get a loan. Credit criteria are often very restrictive and require you to have an impeccable credit score and financial history. Realistically, Australians are likely to encounter some sort of financial struggle at some point in their lives. This does not mean that they should be excluded from the housing market indefinitely. Non-compliant loans are aware of this and use different criteria than traditional lenders.
Non-compliant loans tailor a loan for you based on your unique situation. They understand that two people are the same and explain many reasons why people may not be able to get a traditional loan. For example, they might work with people who: started a new job on a probationary basis, started a new business, don’t have their financial records up to date, have a high number of credit applications, have bad credit, and much more. The friendly and experienced team will work closely with you to find a useful solution for your specific situation.
Since its inception, Non Conforming Loans has been an innovative solution for everyday Australians. They take care of everything for you, so you can sit back and enjoy the peace of mind that comes with knowing you can get a mortgage regardless of your financial history. The team of experts strives to make taking out a home loan as easy as possible and to ensure that they take the complexity out of the process. They will take care of the paperwork, manage the application process and provide you with a custom written credit proposal document.
Thanks to Non Conforming Loans, the dream of owning a home has become a possibility for so many more Australians. Their dedication to the success of your application and their ability to help you navigate the complex process has made them one of the best lenders in the country.