Bad Credit Home Loan
Sometimes things don’t go to plan. Before you know it you have two or three credit cards, a home loan and a car loan and something goes wrong. You lose your job, someone doesn’t pay you, you get sick or you simply have some unforeseen event that means your under financial pressure. These types of circumstances bring with them a lot of stress which the ‘Big Four” banks are traditionally not really interested in. Specialist loans are designed to help in a wide range of “different” circumstances. Their favourite clients are the ones that need some extra care. We are talking multinational lenders that have simply chosen to concentrate on different types of loans. Rates are often comparable to what you are paying now for your finances across the board. Often one of the most powerful features of these loans is the ability to consolidate many or all of your loans, bills and obligations into one simple weekly, fortnightly or monthly repayment.
Importantly these loans are a vehicle to get you from A to B. That is they can help fix today’s problems and relieve the pressure and then when the dust has settled you can look to move lenders if you want to. Having said that, the flexibility of these types of loans can be very appealing, and many people choose to use them for many years with loan terms of up to 30 years.
Secure your dream home despite your credit history
The ‘Big Banks’ are not willing to help
You need help to access funds from sub-prime lenders
Relieve your financial pressure with a manageable repayment plan
More often than not, bad credit home loans are the result of life events that get ahead of us. Sometimes these are unavoidable, and more often than not, they result in a need to access specialist funding. Getting access the best specialist loan for your needs requires great banking negotiation skills.
Before speaking to the bank, you will need to better understand your financial situation which requires complex calculations that factor in various debt amounts, interest rates, loan terms, repayments and more. Once this has been figured out, negotiation skills will need to be called upon. So how do you approach the bank manager and what are the right answers to secure the best loans.
This and more make bad credit home loans challenging without specialist support. Accessing specialist funding advice is free. All you need to do is contact Fortress Funding for a confidential chat. Then we will assess your options and approach the banks with plan.
You may have mortgage arrears
You could have two, three or more credit cards with debt
Previously been in an adverse financial situation like bankruptcy