Alternative Loan Solutions

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Unique Solutions

Bad Credit

Just because you had a run of bad luck doesn’t mean that bad luck shouldn’t continue with your loan.

Bankrupts, Defaults, Loan Arrears, ATO Debts are situations which mainstream lenders don’t like.

If you are in one of these situations but are earning income and have deposit/equity, then solutions are available and they are not as expensive as what you might think.

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At Lendfirst Home Loans,

“I’m sorry we can’t help you” is not in our vocabulary

We have such an array of lenders to help in these situations it is very rare we are unable to find a solution. Sometimes it may not be possible to borrow right now but we always provide you with a plan on how long or what actions to take to ensure you are able to in the future.

Unique Solutions

The Mortgage Hospital

Sometimes your credit is a bit battered and bruised and needs to take time out to repair itself. Your home loan is no different. Often, we recommend your loan go to a Mortgage Hospital. This is a term we use for a loan with slightly higher costs but is only for a short time until your loan health comes good, and you return to normal. After all, no-one should be in hospital for 30yrs right!

Divorce

If loan falls behind, both partners will struggle to borrow again.

ATO

An ATO debt outranks a bank’s mortgage, its hard to borrow with an ATO debt.

Repayment History

If your loan repayment is late but still paid, it is recorded on your credit file for 2yrs.

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