Minor paid defaults up to $500 can usually be accepted by some banks and lenders / mortgage insurance up to 95% of property value e.g Telcos and non financial defaults.

Some funders that have delegated authority with mortgage insurers may accept paid defaults up to 80% of property value as long as they have not been recent and you can provide a reasonable explanation.

For Paid or Unpaid defaults, Judgments, Writs & Summons that do not fit the above criteria generally you will need to obtain finance from a Specialist Lender.

We have many of these lenders on our panel and each case needs to be analysed to find the best and lowest rate option for you with the easiest exit strategy for you to refinance to a lower rate lender when your credit report is clear. All these Funders require a detailed account of how and when the impairments occurred; as well as an explanation on how and why the event is no longer an ongoing concern with little likelihood of reoccurrence.

We have specialist lenders that can lend you up to 95% of the property Value on a purchase and 90% of a refinance.

Discharged Bankrupts / Part 9 or 10 can apply for a home loan from day 1 of discharge.

Rates are dependent on LVR and time since filing for and discharge time frame and can go to a maximum of 95% of property value on a purchase and 90% lvr on a refinance. If you are currently in a Part 9 Agreement then you can refinance your current mortgage to pay out your agreement.

Most metropolitan and major regional centres for higher lvr – (post code specific – please ring or email to check).

General acceptable Security includes:

Zoning of a Residential nature that permits residential usage House or Unit.

Home loan arrears are a very serious business that could result in the funder re-possessing your house and selling it to recover their money so any funder refinancing this loan will want to be certain that there will be no re-occurrence. People find themselves in this financial situation due to one off life circumstances such as illness, loss of employment, divorce etc. –  and now have the capability to pay the repayments of your loan on time but can not catch up.

1. Minor arrears due to a one off event (sickness, Unemployment etc) can be dealt with directly with your lender usually without the need to refinance especially if you are not too highly geared.
2. Up to 2 Arrears can be refinanced by a specialist lender up to 85% LVR
3. Over 2 Arrears can be refinanced by a specialist lender up to 75% LVR

It is important that you are proactive as the longer you leave it the more bank fees, default interest rate, lawyer fees and real estate fees will eat into your equity that you have in your home. If you can’t make the repayments on your home loan due to ongoing income restrictions it then may be better to sell your home rather than refinance and just end up in the same situation again.
It can be stressful if you find yourself unable to meet your mortgage repayments and you’re in danger defaulting. But you’re not the first person to face difficulties, and there is almost always a solution. You just need to talk to the right people at the first sign of difficulty.

Firstly Talk to your lender

You probably won’t want to talk about your mortgage situation. But the problem won’t solve itself and avoiding matters won’t help. Remember: your lender doesn’t want to foreclose your loan – it’s no fun for them either. So call and let them know what’s happening.

Bad Credit Home Loans for Construction to 90% LVR. Generally due to the higher risk factor on construction loans any default paid or unpaid would need to be lodged more than 2 years from application except for minor defaults up to $1,000.

Most metropolitan and major regional centres only with population over 10,000 (post code specific – please ring or email to check

To apply for a Construction Loan you will require:

• Council approved Plans
• Fixed price quote from Licensed Builder

Best rates are to a maximum of 70% LVR. Each loan has to be treated as an individual basis so it is important to deal with a broker that has several options and is experienced in this category of lending.

Available for Purchase or Refinance to 70% of property value.

Available for Purchase or Refinance to 75% of property value for acreage up to 100 acres.

Bad Credit Home Loans for Purchasing Vacant Land to 90% LVR. Generally due to the higher risk factor on construction loans any default paid or unpaid would need to be lodged more than 2 years from application except for minor defaults up to $1,000.
Most metropolitan and major regional centres only with population over 10,000 (post code specific – please ring or email to check).

General acceptable Security includes:

Zoning of a Residential nature that permits residential usage House or Unit.