How a bad credit mortgage can work for first-time property investors

Despite what you may have been told by other lenders, first-time property investment with bad credit is absolutely a possibility - you just need to find the right loan. A bad credit score isn't the end of the investment dream when you know the right kind of lender to approach.  For owners of a mortgage brokers...

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Is home ownership still possible with bad credit?

Being rejected by a lender for a home loan is never a good feeling. If it's something that you've been dreaming about for some time, the thought that you might never be in a position to own your own home can be extremely demoralising. But the truth is that owning a home is still a very real...

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Can you invest in property with a bad credit mortgage?

Investing in property is the dream of many Australians. But when you have bad credit, it can seem as though it's a dream you won't get to realise. With a bad credit home loan from Red Rock Mortgages, however, you may be able to start building your investment portfolio now - even with a bad...

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Why a bad credit mortgage is perfect if you have errors in your credit score

When you're looking to obtain finance for a new home or investment property, a bad mark on your credit score can be enough to set your plans back. Yet sometimes a bad credit score can be due to an error in the report itself. So, how does credit scoring work and what can you do to remedy...

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Been declined? How a bad credit home loan could be right for you

You finally found that perfect home for your and your family, only to go to the bank and have your application rejected. It's frustrating, but there are many reasons traditional lenders reject home loan applications. Fortunately, that home ownership dream may still be within your grasp with a bad credit home loan from Red Rock Mortgages. What are...

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Why a bad credit mortgage application could help if you've been rejected by a big bank

Have you been turned down by a big bank in your search for a home loan? It can be disheartening, but it doesn't mean the candle light that is your home-ownership dream has been snuffed out. With specialist lenders like Red Rock, a bad credit score doesn't equal ineligibility for a loan. In fact, if you've rejected by a large...

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How a bad credit mortgage could be perfect if you have a low credit score

It can be a disheartening experience to be rejected by a lender because of a bad credit score; it's the kind of thing that can make you think buying a home of your own is an impossible task. Thankfully, there are lenders out there like Red Rock whose bread and butter it is to help those who can't otherwise secure financing...

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How can a bad credit home loan set you towards financial freedom?

The right house doesn't come up every day, meaning you should take your chance when you have it. However, if you are mired in financial difficulties, purchasing the home of your dreams may seem an unattainable reality. If you have a bad credit score, you may have already dismissed the option of a personal loan....

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How does the approval process for a bad credit mortgage work?

Almost 30 per cent of Australian households were under mortgage stress at the end of 2017, according to Digital Finance Analytics. Considering the price of property here, it's no wonder that this strain occasionally results in loan defaults and late payments.  Unfortunately these defaults in times of hardship tend to stick around on your credit score, which can make it more difficult to...

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Myth-busted: 3 misconceptions about bad credit mortgages

A staggering 25 per cent of Australians believe their bad credit score would stop them getting approved for a loan, according to a Finder survey of 2,033 people. This number is so high thanks to a number of myths about getting a home loan with bad credit, making it seem more difficult than it is.  To clear the air,...

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