Lo Doc Defaults under $2,000.00 7.70% p.a.
Std Lo Doc wi. arrears & defaults 9.69% p.a.
Do you have a clear credit record or just minor arrears and paid defaults. We have helped many people, just like you, needing and new mortgage, debt consolidation and refinancing.
Being behind on your credit card repayments usually means you are paying very high, default interest rates and late repayment fees.
Paul had a loan for $245,000.00 with Pepper Home Loans and was paying a default rate of 13.35%p.a. As he was in arrears due to illness, Paul needed to refinance as a matter of urgency. The team at Fundsnational was able to refinance Paul with additional funds to pay his medical bill and have a surplus while he recovers and goes back to work @8.49%.
Peter was paying off his $630,000 mortgage with Latrobe @9.10% & had never missed one payment, however could not provide taxation returns. He required further funds to payout a divorce settlement. Our team was able to refinance his mortgage with Latrobe having 3 dwellings on 1 title @7.04%. In addition Choice Debt Solutions were able reduced Peter’s credit card debt from 15,000.00 down to $8,000.00.
Richard had a Bluestone loan obtained when rates were much higher and although he was completely up to date with his payments he was paying 11.25%. He also needed to free up some of the equity to invest in his expanding business. Fundsnational increased the loan by $50,000.00, remortgaged him at 6.96% and reduced his monthly repayments, (interest only for the first year), by $2,000.00.