There are a lot of customers who come to us who may have a past or current credit default, and have been recently knocked back by their local bank.
Having a credit default or credit issues does not mean you can't get a bad credit home loan or a home loan with a default.
We have home loan options available to you if you have a credit default.
Although you may pay a slightly higher interest rate for a bad credit home loan, if you can hang in there and pay the higher rate for say 12-24 months, then you may be able to slip back into a normal bank home loan rate, once your credit default has been either paid in full or drops off your credit file.
Having a credit default will not necessarily stop you from getting a home loan with a default loan. Even though you may have a credit default, many options are still available for a home loan, whether it be a refinance home loan or a purchase home loan.
Many clients come to us that have a current mortgage, and have a credit default, or two or three, and believe us it does not restrict you from getting a bad credit home loan, even with a past or current credit default.
Free free to contact 1800223273 us to see what we can offer you if you happen to have a credit default and are looking to get a home loan refinance or simply to purchase a home.
Just remember, the larger the deposit you have, the easier it will be to get your home loan with a credit default approved.