Bad Credit Home loan
Need A Bad Credit Home Loan? We are australia's Trusted Private lender for bad credit mortgage and private home refinancing.
A Bad Credit Home Loan could be your answer if you are finding it hard to borrow from banks and mainstream lenders.
With refinancing and home loans taking up an increasingly large portion of the financial sector (close to a trillion and a half in value), sourcing a lender has become more straightforward than ever before.
In what is now a highly competitive market, there are hundreds of options to choose from when searching for a home loan. That said, it is common knowledge that most Australians source their loans through a bank as their first choice. But securing a loan from a bank or mainstream lender might not be so easy for those who do not fit into the standard criteria set by these lenders.
If your circumstances do not permit borrowing from the banks, proceeding with a private lender is a perfectly viable path to consider. At Gryphon Direct, we can help you settle loans quickly - even if you may have issues with other lenders.
What makes private, bad credit home loan lenders different?
If you need funds urgently, whether to pay the ATO and creditors and avoid repossession or being put into administration, private lenders are the perfect solution. But although private lenders have a much higher risk tolerance, not all will settle deals with those who have minimal doc or with bad credit.
If you’re reading this, it’s likely this may have already happened to you. If this is why the banks are turning you away, we’re here to help. At Gryphon Direct, we don’t just deal with bad credit; we specialise in it. We are Australia's trusted Bad Credit Home Loan Lender with access to over 200+ Private Lenders.
Bad Credit Home Loans For Self-Employed & Low Doc Borrowers
If you are self-employed, chances are that traditional lenders will not be satisfied with your documentation. If your payslips and income statements are found to be insufficient, a private lender can settle a mortgage with much more flexible terms, which are better tailored to your personal cash flow.
Bad Credit Score? You Can Still Get a Bad Credit Home Loan.
Traditional lenders will also almost certainly decline an application from a borrower with bad credit.
Your credit score, which can be negatively affected by any repayments that miss the deadline over the past seven years, will not be checked by private lenders who offer bad credit loans, as they cannot access your credit score through credit reporting agencies in the same way a traditional lender would.
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If bad credit is the problem, we can help you get a Bad Credit Home Loan.
Bad Credit Home Loans are typically sought by borrowers with poor credit history, and for good reason. Someone with a credit history that includes a couple of negative items (such as defaults or judgements) will be perceived by lenders as being of higher risk, and fewer lenders will be willing to lend to them.
Reflecting this, bad credit loans often come with slightly increased interest rates, to compensate for the additional risk being taken by our lenders. But this is counterbalanced by the fact that it may provide you with bad credit a chance to repair your credit history, and possibly even build it up enough to be eligible for a traditional loan in the future.
Why choose Gryphon Direct?
With Gryphon Direct, you get a confirmed rate, so there’s no guesswork and you know exactly what to expect. In addition, we’re not like the banks, and we won’t turn you away like them either. Our loans are flexible - simply bring up any issues you have and we’ll work together to tailor a loan that perfectly suits your situation. With 26 years of experience in private lending and bad credit home loans, you can rest assured that we will secure the best bad credit home loan for your needs.
Proceeding with a bad credit HOME loan
Home or business loans of any sort are large financial undertakings, and as with anything finance-related, it’s best to come prepared with some research. It is important to compare options and carefully assess the costs and conditions. That said, if you think a bad credit loan is the way to proceed, consider giving Gryphon Direct a shot.
We offer speedy settlements with a simple application and approval process, and will work with what would otherwise be insufficient documentation and even bad credit. Just tell us your problems and our well-trained lending managers will assist you from start to finish.
Fill in the quick form, and we’ll arrange the rest - today.
With over 20 years of experience in low doc and bad credit private home loans, at Gryphon Direct, We Turn No into Yes.
Leave it to us - Gryphon Direct
All our lenders are approved with a license, and every loan is a legal contract regulated by the courts. We have a network of over 200 lenders Australia-wide ready to lend for any purpose, wherever you may be, and will compare between them to find the best and most suitable match for your needs.