Non-Conforming
Non-Conforming loans are designed to help people whom do not meet the lending criteria of traditional home lenders.
These may be for a number of reasons including:
- Irregular employment pattern
- Short term employment
- Adverse credit history
- Current or past loan arrears
- Age of applicants
- Unusual income streams
- DSS and Pension incomes
- Recently discharged bankrupt
- Start up business
- Recently arrived in Australia
- Large number of debts to be refinanced