Nobel Finance has specialist experience in negotiating between lenders and people all over australia who have had or are experiencing life changing events that impacts their credit history. Nobel Finance understands that a bad credit loan history does not necessarily mean that a potential borrower is a credit risk. We can help you.
Whether you are an ex-bankrupt or had Section 9 or Section 10 agreements in the past because of bad business partners, or you experienced a messy divorce that left your credit rating less than perfect, Nobel Finance can help work with you to find a new bad credit mortgage for your home.
Even having a few late repayments in the past on your current home loan can make refinancing for much needed extra money very difficult. We have access to many lenders who can help out in these circumstances, and if needed, Nobel Finance has access to private lenders funds who can overlook many credit problems to secure the money you need in the short term with a 2nd mortgages or even a caveat loan. Some private lenders can even provide the funds within 72 hours. After a few months we can then take you back to more traditional lenders for a longer term mortgage.
With many people being served 'notice of claim' and 'notice of possession' papers from their creditors for being in arrears, Nobel Finance may be able to help save your home from being repossessed by your creditors and help you back on track by refinancing your bad credit mortgage. Depending on how much you borrow, and the severity of your bad credit, your new bad credit mortgage repayments will be as individual as you are. If you dont refinance the alternative is your creditor repossessing your home and selling it to recover all or some of the outstanding credit. If the property sells for less than your loan amount, plus expensive fees and charges, you are still liable for the outstanding balance! If you have mortgage insurance, taken out at the beginning of your loan, the bank or lender is protected from any shortfall from the sale, not you.
It is always better to act sooner than later in these circumstances, as the more defaults and judgements on your credit file, the fewer lenders are available to help you out with bad credit loans.
Talk to Nobel Finance today or click here to be contacted and talk to someone who understands.
