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GET A GREAT VALUE HOME LOAN TODAY, EVEN WITH A BAD CREDIT HISTORY!

You CAN still own your own home!

It’s incredibly frustrating and stressful when you know you have the income to support a home loan, but the banks won’t give you one because of a credit problem. We see people in your situation, day in and day out. People from all walks of life who, thanks to bad choices, bad timing or just plain bad luck, find themselves with a bad credit record, and are unable to get a home loan. And in almost every case, we’re able to help.

We can probably help you too…

The REAL reason most banks don't want bad credit home loans.

Most banks will only give you a home loan if you're low-risk.

Better yet, no risk.

Why? Because that makes the paperwork easy.

The simple fact is that they rely on high-volume, straightforward work. So they cater to the easy borrower: fill out a straightforward form, tick all the same boxes as usual, rubber stamp the application, and move on to the next customer.

But bad credit home loans are different. The paperwork, accounting, and legals are tricky. They take time to set up and a lot of thought because every situation is different. It's all too hard for most banks.

It's not that they are incapable of doing it; they don't want to. It just doesn't fit their business model. So much so that they still won't give you a home loan even if your credit problem is trivial. Even if you didn't know about it, you resolved it as soon as you learned about it. Even then, they'd have to complete some problematic, time-consuming paperwork.

In their eyes, once the sums say you're a risk, you're always a risk. Unfair (and nonsensical) as it is, they generally won't touch you again once they've turned you down.

"In desperation, I googled Freedom loans, and the web page had a statement saying "If we can't help you, no one can". So with that, I emailed Freedom Loans, and from there, the help never stopped. Our loan process was quite difficult as my husband was self-employed, and we had investment properties with securities. What I thought was a nightmare situation, the staff at Freedom Loans took control. We always knew where we were up to and what was to happen next. We were always kept in the loop. I highly recommend Freedom Loans, especially if you are in a tough financial position like we were."

Allana and Darryl Gregson

But some banks WILL still lend to you.

There are a handful of reputable banks in Australia that do offer bad credit home loans. But they're very few and far between, and, more importantly, their paperwork is anything but easy.

Applying through a bank like CBA or Westpac is an entirely different proposition. They expect you to fill in a LOT more forms, get all the facts and figures right the first time, jump through a crazy number of hoops, and do hours and hours of legwork.

And while it's good news that you have options, the even better news is that you don't have to do any of the work yourself.We can do it all for you.

We know which banks to apply with and make applications certain.

Bad credit home finance is our speciality.

We've been doing it since 2003, and in that time, we've helped thousands of people into their dream homes – despite their less-than-perfect credit histories.

The secret? Well, it's not a secret.

All we do is take the time to learn precisely what's causing your credit problems before we start your application. It's different for everyone. In great detail, what has been happening in your financial life – your assets, your liabilities, your income – then we talk about what you're trying to do and what responses you've received from your previous applications.

We then draw on the experience of thousands of previous applications for clients in all sorts of situations to decide if we need to rectify the problem and, if so, how.

We will only choose the most appropriate lender from our specialist network and complete and submit your application. And when we do, we go through a credit manager we know personally. We've been doing this for over 20 years, so we know who's who, we've built relationships, and we can even negotiate exceptions to their standard requirements here and there.

As a result, our clients are rarely declined.

"Thank you so much for the time and effort you would have put into my application. I know it would not have been easy to get an approval. Your suggestions re my tax, and the reduced interest rate on the new loan coupled with the credit card clearance has made an incredible difference. It has certainly wiped away the financial worries I had and let me get on with enjoying the more pleasant things in life."

Pamela Barrett

Why not do it yourself?

It's natural to ask why you shouldn't do it all yourself. After all, who knows your financial situation better than you? However, knowing your financial situation is only part of the solution. You must also know which banks offer bad credit home loans and how those offerings differ.

Because they are different…

Outside of minor differences like rates and fees, they all look very similar. But once you've completed the paperwork for all of them (many times!) and you've gotten to know the decision-makers, you learn they're worlds apart.

They may all call themselves bad credit home loan banks, but each has its speciality. Like the big banks, they steer clear of anything outside their comfort zone simply because they're not set up to handle it confidently, safely, and efficiently enough to make a decent profit.

In other words, each bad credit home loan bank has only one way to solve a problem: one product and one stringent set of rules. And if you don't fit neatly into their equations, they simply say no.

Then you're back to square one and are down weeks or months of wasted valuable time.

On the other hand, we have multiple ways to solve your problem. We have access to all the solutions and know – without wasting your time on countless applications – which ones are most likely to bear fruit.

Plus, unlike the inexperienced loan officer at the bank, who gets paid whether they help you or not, we only get paid if you get a loan. So, we're far more motivated to get your loan approved.

On the other hand, the loan officer is more interested in minimising the bank's risk. They may even look for reasons to say no.

Indeed, you can be rejected simply because you said the wrong thing. When you have a bad credit history, it's almost impossible to say or do the right thing, as the banks are looking for ways to decline your application.

Put simply, the deeper you dig, the more complex it gets, and the more likely you are to trip over a hidden gotcha. Usually, this results in another rejection and wasted time. But if you're 'lucky' enough to be given a loan, chances are there will be better ones.

If you have the time, patience, and financial proficiency to learn about all the bad credit home loan banks, their products, and their rules, then you should do it yourself.

Otherwise, it makes more sense to go directly to the loan provider we know will likely approve your application and give them only what they need to say yes.

Why not use a standard mortgage broker?

Most mortgage brokers work only with the big banks. Their clients are usually time-poor people who want someone to shop around for them and fill out the paperwork. But most of all, they don't have credit problems.

So, like the banks themselves, brokers build their businesses on quick, simple, turn-key loan applications. They're not interested in bad credit home loans and have little to no experience dealing with them. They can't identify the cause of your problem, and even if they could, they only know some of the lenders who can help, much less which one to choose for your particular situation. In fact, most brokers will just present you with a list of lenders and say pick one.

If you go with a run-of-the-mill mortgage broker, you'll likely get turned down again or wind up with a home loan that needs to be corrected.