Bad Credit Home Loans

Wed 08 March 2017

Are you worried that your bad credit history could stop you from securing a home loan? Just one negative mark on your credit score shouldn’t deprive you of possessing your own place.

The Finance Professionals are committed to helping non-confirming borrowers who are self employed to get a home loan easily.  It doesn’t matter what kind of home loan you are looking for, you can rest assured that talking to our specialist would help you find the right financial solutions.

We are aware that everyone has distinctive circumstances. This is exactly why we assess each application separately to ensure that you get a loan despite having a bad credit.

Often problems like losing a job, a divorce or an illness can make a person lag behind in their payments. Similarly people, who freelance or do not have a set income for each month, do not meet the criteria issued by the banks. Here we ensure that everyone can secure a home loan.

All you have got to do is fill an online form and one of our specialists would give you a call.  We are sure we can help you. Why wait?

Low Doc Mortgages

Low Doc mortgages are a great way to secure a loan if you are self employed. This is the perfect option for people who have an income but are unable to provide a financial statement or tax returns for it.

However, what you should keep in mind is that low doc mortgages are issued using a different agenda. For these you need to have the documents from your accountant or you may even provide a business activity statement (BAS).

We know how important it is for you to own your own home and that’s why we make sure that you can secure a low doc mortgage with ease.

How can you qualify for a low doc mortgage?

In order to qualify for a low doc mortgage you need to come up with the following specifications

  • You have to be self employed and should have your own business number
  • You should have an accountant’s letter or a business activity statement
  • You would be needing an equity of 20% to put forward as down payment

However, in order to qualify for the loan you would also have to provide your credit history. Minor problems with your credit are often over looked but individuals with a good score are often given preference when it comes to low doc mortgages.

Why choose The Finance Professionals for a low doc mortgage

The Finance Professionals specialise in helping self employed people secure low doc home loans with the least bit of hassle. This type of home loans with bad credit can be your solution and can help you secure your loan. For an individual and tailored loan solution give us a call at 0447 018 260

 

 

By Lamont, Category: misc