Re: Parental loss and funeral costs caused bad credit
Posted: Fri May 10, 2019 2:06 pm
Hello Layla. Welcome to the forums.
A death in the family or a job loss can cause you to have bad credit however, that doesn’t mean you can’t qualify for a home loan. There are a few prime and specialist lenders who don’t knock back your mortgage application simply because of a few blemishes in your credit file. They instead take a more case by case assessment and try to understand whether it was a one-off event or if you’re simply living beyond your means that caused you to have a bad credit score.
Large paid defaults between $3,000 to $500,000 are considered on a case by case basis if you can provide a very good explanation supported by strong evidence for the default. We can lend up to 90% of the property value with a specialist lender.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a bad credit home loan.
Cheers,
A death in the family or a job loss can cause you to have bad credit however, that doesn’t mean you can’t qualify for a home loan. There are a few prime and specialist lenders who don’t knock back your mortgage application simply because of a few blemishes in your credit file. They instead take a more case by case assessment and try to understand whether it was a one-off event or if you’re simply living beyond your means that caused you to have a bad credit score.
Large paid defaults between $3,000 to $500,000 are considered on a case by case basis if you can provide a very good explanation supported by strong evidence for the default. We can lend up to 90% of the property value with a specialist lender.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a bad credit home loan.
Cheers,