Credit Impaired Home Loan

Understanding Your Home Loan

Accrete finance mortgage home loans for all of your needs

There are a number of lenders who specialize in providing loans to individuals who have a bad credit history (ie Bankrupt, defaults, court writs). They are considered to be the 'Lenders of Last resort' and although they do attract a considerably higher interest rate than those offered through mainstream lenders, due to the risk factors involved. It offers an opportunity for people to obtain home loan finance when they would otherwise not be able to. There is also the added benefit that as long as the loans are conducted well over a 12-24 month period you can then refinance to a better interest rate with an alternative lender.