Home Loans For Bad Credit

Our team of specialist brokers assist in securing Home Loans for Bad Credit applicants by helping you to manage your credit file and future financial freedom.

We Help Secure You Home Loans for Bad Credit

Home Loans for Bad Credit come in a range of types and sizes. The first thing anyone who’s looking for a mortgage should know is that you shouldn’t give up after the first knock back.

If your credit history isn’t as good as it could be, then you need our team of specialist bad credit brokers to help you out.

What are your bad credit mortgage options?

Securing a home loan doesn’t have to be hard, even if your credit history isn’t up to scratch. When looking for Home Loans for Bad Credit, you should be aware that your deposit amount will be larger than for most usual home loan applications. This is to mitigate the additional risk by a lender and is completely normal.

Why you should save a 20% home deposit

Gaining a home loan for more than 80% of the property value isn’t impossible but it will usually come at a much larger interest rate than normal.

Any home loan for more than 80% will involve LMI (Lender’s Mortgage Insurance) and is more difficult to approve.

However, even if you do have to settle for a larger than usual interest rate and LMI repayments, you do have the option of re-mortgaging in the future after a period of excellent credit on your current home loan arrangement.

Bad Credit Specialist Brokers

Our team of specialist brokers deal exclusively with lenders who offer home loans to applicants with poor or impaired credit files.

We understand their lending criteria thoroughly and after our financial assessment of your current position, we can ensure that your application looks as favourable as possible.

Call 1300 769 384 today to secure your own slice of the Australian dream with Loans For People With Bad Credit.