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CREDIT PROBLEMS?
Do you have credit problems?
Did the bank say no?
Few people get through life without a blemish on their credit record. At Townsville Financial Services, we specialise in helping people whose financial situation falls outside normal bank guidelines. Don't be shy in asking for our help.
Is this you?
- Poor credit history
- No savings or deposit
- Short term employment
- Pension or welfare income
- Business lacking financials
- A high income but no deposit
We want to hear from you
Chances are we'll be able to assist in getting the loan you require. If we can't do it now, we'll work with you to help achieve your goals.
Are you experiencing financial hardship?
If you're experiencing financial hardship, we want to try to help in any way we can. If you are seriously in default and things are looking hopeless, please call us.
Bad credit or non-conforming home loans
Bad credit and non-conforming home loans are designed to cater for borrowers who do not meet traditional lending guidelines. You may have a poor credit history such as bankruptcy or defaults. For other borrowers it could be a case of an unusual income source or a lack of savings to put towards a deposit. Maybe you have several debts you're looking to consolidate into one and your lender won't give you the loan you need. Non-conforming home loans give people who would have normally not qualified for a home loan the option to achieve their goals. Non-conforming lenders do often charge a higher rate of interest than traditional mortgage lenders. Be sure to get the full story. Find out what your total establishment costs will be before you start and also what break fees you may be charged should you decide to pay out or refinance the loan down the track. With more than one non-conforming lender in the market, it pays to shop around. Townsville Financial Services will always explain the pros and cons of various loan options to you.
Debt reduction programs and lines of credit
A line of credit is like a massive credit card and if you’re not handling your current credit cards very well you’re not likely to benefit from using a line of credit. While there are some genuine ways of using a line of credit to pay off your mortgage faster, for many people this can also easily create problems that see them with high credit card debt and an even bigger home loan than before. Some mortgage brokers offering debt reduction programs charge large fee’s for their service and may not refund the money if you’re not satisfied with their service. Consider a cheaper loan with a low rate of interest and less fees as this can be a much better option. Always be sure to do your home work before handing over any money or signing any mortgage application. If a mortgage broker is charging you a brokerage fee see if you can find the same service elsewhere free of charge before committing to the deal. All Townsville Financial Services brokers do not charge any fees for their service to you.
Bad credit home loans
Bad credit and non-conforming home loans are designed to cater for borrowers who do not meet traditional lending guidelines. You may have a poor credit history such as bankruptcy or defaults. For other borrowers it could be a case of an unusual income source or a lack of savings to put towards a deposit. Maybe you have several debts you're looking to consolidate into one and your lender won't give you the loan you need. Non-conforming home loans give people who would have normally not qualified for a home loan the option to achieve their goals. Non-conforming lenders do often charge a higher rate of interest than traditional mortgage lenders. Be sure to get the full story. Find out what your total establishment costs will be before you start and also what break fees you may be charged should you decide to pay out or refinance the loan down the track. With more than one non-conforming lender in the market, it pays to shop around. Townsville Financial Services will always explain the pros and cons of various loan options to you. Call us on 4723 8283.
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