Bad credit history? Try Pepper Home Loans

RateCity StaffJul 8, 2009( 1 min read )

Home Loans

Bad credit home loans: what are your options?

Is owning a house a distant dream for you? Was your home loan rejected because of bad credit history? You are not the only one. An unforeseen situation or factors in your personal and professional life _ self-employed status, lost job, separation, divorce or illness _ may result in missed financial payments.

Jun 29, 2016( 3 min read )

Home Loans

Refinancing a home loan for bad credit

Managing your finances is never easy, but this can prove especially challenging if you’ve had problems with bad credit in the past. Whether you’re doing it tough due to financial problems from circumstances beyond your control, or if you’re trying to make up for money mistakes you've made in the past, a bad credit score can cast a long shadow over your future financial dealings, including refinancing a home loan.

Nov 28, 2016( 6 min read )

Home Loans

Could you be eligible for a low doc home loan?

If your financial situation is best described as “complicated” you may find it difficult to secure a standard home loan with most lenders. Even if it is through no fault of your own, such as losing your job or a failed business venture, lenders have certain lending criteria they uphold for their protection and for yours.

Oct 28, 2016( 4 min read )

Home Loans

How to fix credit problems

Credit problems – who has them? If you’re reading this article, chances are you have, or you know someone who has.

Apr 11, 2018( 10 min read )

Pepper Home Loans is a specialist lender offering a wide variety of non conforming home loans in a very clique mortgage market.

Non conforming home loans are similar to low doc loans in that both do not require extensive documentation such as tax returns and financial statements from applicants. However, while low doc loans are special products mainly for self employed borrowers with a good credit history, non conforming home loans understand that not everyone has a perfect credit history, or are able to prove an income stream.

Pepper home loans takes this into account when it assesses the individual needs of its borrowers so that it can offer a unique package to suit their situation. The downside is that rates are often higher than standard mortgages, because of the higher risks of lending.

Compare a large range of home loans at RateCity by using our home loan comparison tools and work out your finances with our mortgage repayment calculator.

RateCity Staff

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FAQs

Tip: You can use RateCity how much can I borrow calculator to get a quick answer.

How much money you can borrow for a home loan will depend on a number of factors including your employment status, your income (and your partner’s income if you are taking out a joint loan), the size of your deposit, your living expenses and any other debt you might hold, including credit cards.

A good place to start is to work out how much you can afford to make in monthly repayments, factoring in a buffer of at least 2 – 3 per cent to allow for interest rate rises along the way. You’ll also need to factor in additional costs that come with purchasing a property such as stamp duty, legal fees, building inspections, strata or council fees.

If you are planning on renting the property, you can factor in the expected rental income to help offset the mortgage, but again it’s prudent to add a significant buffer to allow for rental management fees, maintenance costs and short periods of no rental income when tenants move out. It’s also wise to factor in changes in personal circumstances – the typical home loan lasts for around 30 years and a lot can happen between now and then.

Bad credit history? Try Pepper Home Loans

Related articles

Bad credit home loans: what are your options?

Refinancing a home loan for bad credit

Could you be eligible for a low doc home loan?

How to fix credit problems

Today's top home loans products

Discount Offer Variable Home Loan OO P&I ($200k+)

Home Value Home Loan (Principal and Interest)

Premium Package Home Loan (LVR < 80%)

Real Deal Variable Home Loan Special (Principal and Interest) (LVR < 90%)

Popular home loans searches

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