Find out more about some of the financing solutions that a non bank broker can use to help people achieve what they want.
Here we discuss some general concepts and specific situations.
Lot’s of people throughout New Zealand have could benefit from a broker that is able to arrange bad credit home loans. But why do they call it “bad credit” and what does it mean? Having “bad credit” does not mean you are a bad person, but it may mean you have gone through a bad spell
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As a mortgage broker that specialises in non bank finance I get approached from people throughout New Zealand. Sometimes the people will contact me after being turned down by their bank or after having no success with a local mortgage broker, but also many people realise that their situation may be difficult and know that
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We cannot dwell on the past, but unfortunately the banks often do and penalise us for years after we have had something go wrong. A default will stick on our credit reports for 5-years after being listed and when the banks see this “bad credit” they will typically decline lending applications. We say typically because
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It’s quite common for people to get behind on their tax, and if it’s not addressed quickly then things can spiral out of control with penalties and interest charged by the IRD. It is more common for self-employed whose income and therefore tax commitments can be unpredictable. Banks typically do not like providing finance for
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Today we got a home loan approved for another discharged bankrupt – Shane. Like many people that have been bankrupt but discharged Kevin thought that getting a home loan with his bank would be possible; however that was not the case. Shane fits all the normal bank criteria; a good income has saved a 20%
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As a mortgage broker I often get asked for bridging finance but those asking often do not understand what bridging finance is, so I decided to write this blog post to help explain how bridging finance works and when it is an option that brokers may use. The most common purpose for a bridging loan is
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Today I managed to get a bank to approve a revolving credit facility for a 69-year old lady. Yes, your non bank broker can get bank approvals too. Banks Don’t Like Old People! A lot of banks have interpreted the Responsible Lending Code to mean that they should never lend to people if they cannot pay
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You may have some bad credit so the banks treat you like a second rate citizen and make it hard to get a home loan, but a non bank broker can get you a bad credit home loan. A bad credit home loan with a non-bank lender may be more expensive than a standard bank
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Yes, I get contacted often by people who have complex issues and therefore difficult loans that need to be sorted out. I was recently contacted by Helen who needed to refinance a mortgage on an extended family owned property and consolidate loans that she had for her business. From the outset I knew that it
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As a mortgage broker dealing with self-employed people and small business owners I get asked a lot to finance tax debt. In most cases the people have already been talking to their banks and got the big NO. But sometimes we get the chance to arrange the finance before people have talked to their bank.
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