Yes, there are a number of non-confirming lending options available that enable you to get back on top of your tax debt. Contact our team for assistance.

In simple terms, the higher the risk to the lender, the higher the interest rate. If someone has struggled to meet repayments in the past, lenders view this as increased risk - and they price the loan accordingly.

Overtime as the individual continues to meet their regular repayment obligations the lender may reclassify the risk rating of the loan and offer a reduced interest rate.

We’re all unique when it comes to our finances and borrowing needs. Your borrowing capacity is determined by your level of income and regular ongoing commitments. Contact us today and we can calculate your borrowing capacity based on your individual circumstances.

Minimum deposits for non-conforming loans can range from 5% to 40% of the value of a property depending on your credit history and current financial position. Speak with us to discuss your options for a deposit. You may be able to borrow against the equity in your existing home or an investment property.

There are many different types of loan products with varying interest rates which will impact your repayment amount. Talk to us today about the products currently available that suit your lending needs, and we’ll calculate the repayments for you.

Most lenders offer flexible repayment options to suit your pay cycle. Aim for weekly or fortnightly repayments, instead of monthly, as you will make more payments in a year, which will shave dollars and time off your loan.

There are a number of fees and costs involved. To help avoid any surprises, the list below sets out many of the usual costs:

> Stamp duty — If purchasing this is the big one. All other costs are relatively small by comparison. Stamp duty rates vary between state and territory governments and also depend on the value of the property you buy. You may also have to pay stamp duty on the mortgage itself.

> Legal/conveyancing fees — If purchasing generally around $1,250 – $2000, these fees cover all the legal requirements around your property purchase, including title searches.

> Building inspection — This should be carried out by a qualified expert, such as a building inspector, before you purchase the property. Your Contract of Sale should be subject to the building inspection, so if there are any structural problems you have the option to withdraw from the purchase without any significant financial penalties. A building inspection and report can cost up to $1,000, depending on the size of the property.

> Pest inspection — Also to be carried out before purchase to ensure the property is free of problems, such as white ants. Your Contract of Sale should be subject to the pest inspection, so if any unwanted crawlies are found you may have the option to withdraw from the purchase without any significant financial penalties. Allow up to $800 depending on the size of the property.

> Lender costs — Most non-conforming lenders charge upfront establishment fees. We will let you know what your lender charges but allow about $500 to $3000.

> Moving costs — Don’t forget to factor in the cost of a removalist if you plan on using one.

> Mortgage Insurance costs — Non-conforming lenders will typically charge mortgage insurance or another risk fee based on the risk rating of the loan. Consult with our team about the risk fees that are applicable to your situation.

> Ongoing costs — You will need to include council and water rates along with regular loan repayments. It is important to also consider building insurance and contents insurance. Your lender will likely require a minimum sum insured for the building to cover the loan.