Important information

Please be aware of the following;

  • As a blog style website there can be a lot of historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
  • Ability Finance, through choice, no longer represent some lenders who may be historically referred to within this website.
  • At present we are only prepared to discuss financial products for consumers with customers we are able to personally meet with on a face to face basis.
  • No information or content contained on this site should be relied on as being current.
  • No content contained within this site should be taken as advice in any way at all.

Home Loan Option When Banks Say No

Ability Finance have a new lender available on our panel who offers unique home loan solutions for borrowers who may not be able to obtain a home loan elsewhere. Each application is considered on its individual merit. This lender specialises in;

  • Construction, owner-builder, removal & kit homes and uses on completion value.
  • Credit Impaired, the level of impairment not an issue, even currently Bankrupt (as long as bankruptcy is paid out in full at settlement).
  • All postcodes and land sizes considered.
  • Short term employment (including self employed).
  • Day old ABN with cash flows.
  • 30 year loans for over 60’s age group.
  • Gifted deposits.
  • Third party security.
  • Centrelink recipients.
  • Land only (with intention to build).
  • Unpaid council rates.
  • Accept rental, child support payment and boarder income.
  • 99 year Perpetual leases, even the over 55 retirement villages.
  • Credit impaired-no LMI up to 80% LVR.

PRODUCT

 

  • Variable Rate Home Loan, no ongoing fees and charges.
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  • Low interest rate & deferred establishment fees
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  • Interest only available on investment & owner occupied
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  • Refinance or debt consolidation/ free redraw
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  • Term 30 years (interest only option -5 years maximum converting to P & I installments over the remaining term of 25 years)
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  • Interest Rate Variable call for rates.
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  • Monthly Service Fee Not applicable.
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  • Upfront Fees Valuation fee only.
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  • Establishment Fee 1.00% of loan amount or $990-00 whichever is the greater.
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  • Redraw Free redraw available.
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  • Additional Repayment Extra payments can be made to pay off the home loan sooner.
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  • Early Exit Fee 3.00% First Year 2.00% Second Year 1.00% Third Year.
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  • Normal Government fees and charges apply.
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  • Solicitors document preparation fees applicable.
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  • Correct as at 15 Nov 2008 subject to change without notice.