Non-Confirming Loans
Non Conforming loans provide an option for borrowers who have experienced difficulty in meeting their repayments in the past for various reasons, such as business losses, loss of work, and change in life circumstances that may have resulted in blemishes on their personal or company credit files. These loans usually attract a higher interest rate and extra fees and charges, but it will allow you to get back into or stay in the property market. Quest can help provide a plan and pathway to get back to conforming products as soon as possible.
Advantages
Give the borrower a chance to improve their credit rating by showing a clean repayment history.- Allows the borrower to consolidate debts so they are making one repayment each month instead of two or three.
Disadvantages
- Interest rates and set up costs are usually higher.
- The lenders usually limit the amount that can be borrowed against the property.
- The lenders are very strict on the amount of cash-out for other investments.
WHY CHOOSE QUEST HOME LOANS?
The fully qualified consultants at Quest Home Loans understand how important your financial future is. They take the time to get to know what your specific objectives are now and into your future endeavors. We not only find the right solution for you but we provide you with as much information as possible so that you make educated decisions every step of the way. With our panel of lender experts you know you’re provided the most up to date options.
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There is so much to consider when buying your own home. Can I afford it? Where do I buy? What will my repayments be? There are over 600 loan products to choose from so let Quest Home Loans simplify this process for you and make it a time to celebrate! 
Property is still considered one of the safest investments. If you’ve been thinking about buying an investment property or expanding your portfolio, Quest Home Loans expert will make sure you get the right advice to maximise your investment potential.