Why do clients use our services when thinking about refinancing?

People approach us for assistance because they have current or past mortgage arrears and/or defaults on their credit file and need help ‘starting afresh' with a new lender. The main reasons for a bad credit history are divorce, temporary unemployment, illness or poor financial management. Whatever your reason we are happy to assess your situation and assist if we can.

Is refinancing the only option?

No, there are some other options you may consider

•  Negotiating a payment plan with your existing lenders and creditors

•  ‘Downsizing' by moving into a less expensive property

•  Selling your home, paying out your creditors, repairing your credit file and waiting until you are in a position to repurchase

Is refinancing right for you?

At Non Conforming Mortgages our role is to provide you with the necessary information so YOU can decide the answer for yourself. We also recommend all our clients seek independent financial and/or legal advice.

How we help you do this:

•  We provide you with a detailed quote upfront which items the interest rate and all fees and charges applicable.

•  We do not in anyway pressure you to refinance or proceed with us.

•  We don't set any unrealistic pricing or timing expectations.

Advantages of refinancing

•  Debts can be merged into a single repayment to make your finances easier to manage

•  Can provide a lower total monthly debt repayment

•  Can avoid payment of multiple fees to different creditors

Disadvantages of refinancing

•  Entry and exit costs can vary from minimal to thousands of dollars

•  Non Conforming lenders can have less flexibility than ‘prime lenders'. For example, some lenders do not offer fixed rates or construction finance.

We do not claim that refinancing with us will help you own your home sooner or reduce your interest payable. The only way you can do that is to:

•  Find a cheaper interest rate (which may not exist)

•  Make larger or more regular repayments on your loan.

The benefit we offer you is to make your life easier by having less creditors and/or by giving you the opportunity to keep the family home if you have fallen too far behind with your current lender.

           

We are full members of the Mortgage & Finance Association of Australia (MFAA)
and COSL and an Accredited Member of the Finance Brokers Association of Australia Ltd (FBAA)
and operate under their codes of practice.

Loan Refinancing Specialist

If you have defaults or arrears and you need a loan refinancing specialist - we can help!
We are available to talk to you, please contact us. - home loan refinancing