Oak Laurel | Home loan after bankruptcy
Have you been declared bankrupt and want to get a home loan? We can help.
Home loan after bankruptcy: Get a mortgage after your bankruptcy is discharged
Causes of Bankruptcy and personal insolvencies
There are many good reasons that people become bankrupt. Just because you have been bankrupt does not mean that you are bad or untrustworthy person. Often luck or rather misfortune can play a big factor in the equation.
According to the Australian Financial Security Authority most causes of personal insolvencies are not business related. In fact in order of most to least the causes of personal insolvencies are:
- Unemployment or loss of income;
- Excessive use of credit;
- Domestic discord or relationship breakdown;
- Ill health;
- Adverse legal action;
- Gambling or speculation; and
- Liabilities due to guarantees;
Contact a bad credit home loan specialist mortgage broker
An Oak Laurel mortgage broker assist you to get your home loan approved.
Benefit from our experience
Enquire about a home loan after being bankrupt
What you need to know about getting a home loan after you have discharged your bankruptcy
- 95% of the property value for property purchases; and
- 90% for refinances.
If you can provide some of the usual income documentation such as business bank statements (low doc) you may be able to borrow up to:
- 85% of the property’s value for purchases; and
- 80% for refinances.
Even though you are not getting the best home loan interest rate on the market keep in mind that you will only need to stay with the specialist lender until you qualify with for a home loan with the normal lenders, at which time we can help you to refinance to a better home loan.
Contact us today to find out what we can do for you!
Our Panel of Lenders
Our mortgage brokers have access to a large panel of lenders, this means that we can offer you a wide selection of home loans.
Please note: not all of our mortgage brokers offer products from the lenders listed here.
Oak Laurel Mortgage Brokers – Loans made easy!