Are loan to value ratios different for bad credit mortgages?

Maybe you made some financial mistakes a few years back, but have been working on repairing your credit since. While on that path, you may find yourself looking to buy a home, confident you’re on your way up in your career and ready to leap into homeownership. As a potential homebuyer, a mortgage broker can […]

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Is it possible to be pre-approved for a bad credit mortgage?

Just because you might have bad credit, it shouldn’t discourage you from obtaining a home loan. In fact, lenders now provide flexible financing options specifically designed for individuals with bad credit, known as bad home loans or mortgages. But this raises another question: can you obtain pre-approval for a bad credit mortgage? Let’s first take […]

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How do I know if I have a bad credit rating?

Home loans are the leading way Australians purchase homes when they don’t have a spare few hundred thousand dollars laying around. So how do lenders evaluate whether you’re a good candidate for a loan? Every time you spend money on a line of credit, you are building up your credit history. This may include credit […]

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Can a bad credit mortgage help you move into a newly built home?

A bad credit mortgage could be the solution that helps you move into a newly built home. For those with a poor credit history, a specialist mortgage loan like this is the best way to get the money you need to buy the home of your dreams as the acceptance criteria is more flexible. Bad credit […]

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How to find the right bad credit mortgage in 2019

Finding the right bad credit mortgage in 2019 is about understanding which lenders to approach and how to make your application appeal. You may need to take steps to improve your credit score in the long-term or provide a larger deposit. Working with a specialist lending broker makes it easier to understand what’s required and […]

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Is it possible to get an equity release using a bad credit home loan?

Releasing equity from a bad credit home loan is possible, although not always as straight forward as in other circumstances. With a bad credit home loan, you’re already considered slightly more risky than other borrowers where traditional lenders are concerned. You may have to prove your reliability and accept a higher interest rate. What is […]

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How much deposit is required for a bad credit mortgage?

Bad credit home loans tend to require a higher deposit because they’re riskier for the lender. Mortgage insurers are less likely to provide cover for borrowers with bad credit history, and lenders see applicants without insurance as a potential red flag. By requesting a higher deposit, lenders take steps to protect their investment. What level […]

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How a bad credit mortgage can work for first-time property investors

Despite what you may have been told by other lenders, first-time property investment with bad credit is absolutely a possibility – you just need to find the right loan. A bad credit score isn’t the end of the investment dream when you know the right kind of lender to approach. For owners of a mortgage […]

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