(Also known as a Non-Conforming Loan or Sub Prime Loan).

If you fall outside traditional lending policies due to previous credit problems, current arrears or a late payment record, don’t despair as we are experts when it comes to arranging mortgages for people with less-than-perfect-credit.

All of our Non-Conforming Lending Strategists are licensed Financial Consultants trained and experienced in dealing with financial strategies and specialist loans that need to be correctly structured for those who don't qualify for a normal bank type mortgage due to financial, risk or credit related issues.

We cater to clients who:

• Have been rejected by the banks or other lenders,
• Have a poor repayment record on past or existing loans and/or debts,
• Are currently in arrears with their mortgage, car loan, personal loan and/or credit card,
• Are under some type of Credit Arrangement or Debt Agreement,
• Have defaults and/or judgements listed on their credit report,
• Are previous bankrupts,
• Are self employed and in arrears with their business commitments,
• Have been issued with an eviction notice or court summons,
• Believe that they have the worst credit rating in the world, or
• Represent a higher lending risk due to particular circumstances.

We’ll work hard to arrange a satisfactory solution to your credit or financial problems, as well as any money that you want and not always at the typically higher rates associated with non-conforming or bad credit mortgages.

Before looking to arrange a conventional higher rate non-conforming loan, we firstly look for ways to fit you with a strategy involving a loan at standard mortgage rates. If this is not possible, we then look to arrange a secondary strategy involving a non-conforming loan that reverts to or has the option of conversion to a standard mortgage product within a maximum period of 2 to 3 years.

A non-conforming or bad credit mortgage should only be viewed as a short term financial solution to your problem which culminates with the reinstatement of your creditworthiness through an appropriate exit strategy. Generally our aim is for the exit strategy to apply at the end of 12 months.

Furthermore, why should you be penalised with a higher interest rate for a lengthy loan term when your credit issues are only today’s problem?

Particular care needs to be taken when arranging bad credit reinstatement finance as your normal bank type lenders MAY NOT REFINANCE LOANS ACQUIRED FROM CERTAIN BAD CREDIT LENDERS, meaning that you may be blocked from obtaining an exit strategy back to a standard mortgage loan either indefinitely or for a lengthy period of time.

We are bad credit experts with the knowledge and skills that will give you the best result and correct strategy for getting your credit and/or finances back on track.

Don’t take chances with a normal mortgage broker or lender, make an appointment to meet with a CommunityBE$T Non-Conforming Strategist who will guide you through the whole process, from solution to application to settlement to reinstatement.

To make an appointment, simply email us or phone the Finance Centre on (02) 4633 8700.

By working with someone knowledgeable when it comes to finances, you will ultimately find some form of financial success!

* Loans subject to application and approval. Terms, conditions and eligibility criteria apply. Fees and charges may be payable.