Non Conforming Lenders Melbourne

Finding Non-Conforming Lenders Made Simple

Financial self-sufficiency is an admirable goal, but one that many people continue to discover is a difficult one to reach. Circumstances can change without warning, and events in one’s life can lead to disruptions that cause all kinds of financial stress and turmoil. Credit card debt can pile up, bills might sometimes go unpaid, and other issues compound until your credit score isn’t what it once was. These scenarios are both frustrating and upsetting, especially when your monthly payments seem to continue to climb.

Even if you are no longer in a bad spot financially, the after-effects of previous instability can linger for years in the form of a poor credit score and negative marks on your report. In either case, if you decide that pursuing a loan is the best course of action, you will often quickly find that most of the big banks won’t even make you an offer. Those that do will often want an outrageous or exorbitant interest rate, or a whole mess of supporting documentation you simply don’t have. Whether you want to consolidate debt or purchase a home, you can’t make progress without access to assistance from a lender that will give your application a fair chance.

At the Lending Solutions Group, we don’t believe people in situations such as these deserve to be shut off from financial services. Our ability to work with non-conforming lenders to provide low or no doc loans enables us to provide fresh opportunities for those in a wide variety of challenging financial positions. If you’re new to researching your options in this area, there is plenty to learn. What should you know?

What Does It Mean To Be “Non-Conforming”?

This is a phrase that can sound scary the first time you hear it; after all, “non-conforming” doesn’t sound like the kind of thing you’d want to be associated with your financial status. Despite the way it sounds, all this really means is that you do not currently meet (or conform to) the traditional criteria banks use to evaluate suitability for lending. Some of the things that can lead to deeming a borrower “non-conforming” include:

• A track record with numerous late payments: It can happen to anyone; a car accident or a lost job can lead to reduced income, which in turn leads to mounting debts. More than one late payment can make some lenders question a borrower’s reliability, even if they are in the past.
• Mortgage arrears: Falling behind on your mortgage payment can be a major source of stress in your life, but even more so when a bank won’t speak to you because you’re behind.
• A default on a previous loan: Most banks will straightforwardly refuse to lend to a borrower with a prior default.
• Past bankruptcy: Declaring bankruptcy can disrupt your ability to secure any sort of credit in the future.

If you recognise any one of these signs in your financial history, you’re likely to face struggles with big-name banks when it comes to the approval of your loan application. Alternative options, such as those that we offer, may be the best choice for securing a loan to proceed your plans.

Determining if This Type of Loan is Right for You

How can you be sure if this is the right pathway for you to take? The most obvious answer becomes clear when you visit your bank of choice only to receive a flat “no” when you ask for help with a loan. Consider some of the other signs that say you should contact the Lending Solutions Group soon:

• You do not have time to wait on the approvals process typically pursued by a traditional bank. In cases where you have a pressing financial need to consolidate debts or to obtain liquid cash, a non-conforming loan may come through more quickly for you.
• You want to free up equity you’ve built up in your property, but a bank will not provide you with access to as much cash as you’d prefer. Our lenders look for other options and, with the right collateral available, can increase the amount you receive now.
• You want to lower your interest rates, but other lenders won’t agree to a refinance. Let us take a second look to see what’s possible.

Take the First Steps Towards Your Financial Future Today

Though an inability to go to the big banks can be a source of frustration, the ability to tap into assistance from non-conforming lenders is invaluable. With the team at Lending Solutions Group working on your application, you can trust that you will be able to explore some fresh options for your next steps. With our straightforward process, transparent communication, and large number of financial connections, we can help to remove some of the stress from your life. Whether you’re ready to consolidate debt and get your budget back on track or it is time to find a larger home for your family, we’ll work hard to provide you with as many workable options as possible.

Ready to take the next steps today? Fill out our free quote form, including information such as the type of loan you’d like to request, how much, and the current value of your assets. Need more information first? Have a conversation with one of our friendly team members about non conforming mortgage lenders today. Request a callback at your convenience.

To discuss how Lending Solutions Group can assist you, please contact Scott Vine:

Email: scott@lendingsolutionsgroup.com.au

Mobile: 0418 10 10 65

FACT

More than 85% of business written by our team is sourced from either client or business partners.

Our Services Include:

• Unpaid defaults / judgments
• Current mortgage arrears
• Writs of possession
• Ex-bankrupts from one day
• Unlimited debts paid out
• Unemployment benefits, pensions, parenting payments, family allowance etc
• And more………