Non-Conforming Home Loans
Failure to comply with home loans allows anyone not meeting mainstream lenders' credit criteria to secure domestic financing.
Non-compliant home lending is much more flexible than before and is available as a variable, fixed, or split-rate lending. It has many features, such as offset accounts typical of a traditional loan. The interest rate and charges for non-compliant home loans could be slightly higher, so talk to our mortgage specialist.
Failure to comply with loans is also a great way to repair your credit rating. Some lenders will let you refinance to a more traditional home loan after a specific time showing a good history of repayment.
Consider a non-conforming loan if you are:
- Deficiencies in credit
- Self-employed persons
- Non-resident Non Resident
- New Customer
- Safety-disabled
- A low or no deposit
- Casual or seasonal employee
- Older debtor
To assess your necessities and to negotiate a competitive deal, talk to your BuildME mortgage adviser.