If you apply for a home loan, the lender checks your credit report and finds that you are in a debt agreement. This tells them that in the past, you`ve struggled to meet your financial obligations, and your expenses are probably already significant, since you`re paying off their creditors. By having 20% of the purchase price of a down payment and other related fees, avoid payment for Lenders Mortgage Insurance (LMI). You may be more likely to have the loan approved. We will be happy to confirm that you qualify. Fill in your details and we will get in touch with the next steps to free you from debt. Bad credit is a mixture of many factors such as missed payments, unpaid debt, and too much money. It`s a dam you have to overcome to get a mortgage. Some of the steps you might consider to get a loan with your low credit are that the reason must be substantial enough to justify the deal – such as a serious illness.
With a debt agreement in your credit report, lenders will be careful to keep you in debt, which is not a bad thing. Start the ball by calling us on 1300 351 008 or by filling out our online form and we give you a free debt assessment….