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What is a non-conforming loan?

Non-Conforming Loans Explained

These loans help those clients who have had issues with finances, mainly due to unexpected changes in circumstances, eg temporary unemployment or short term inability to pay debts. OZloans can identify the lenders who can match your personal circumstances. The value of your property and your capacity to repay will determine your suitability for a non-conforming loan, however these loans generally attract a higher than normal interest rate.

Always Seek Expert Independent Advice

We always recommend to secure independent advice from an experienced mortgage broker like OZLoans Finance before you sign on to any borrowing commitment. Consider it as a cross-check before committing to what may be a complicated, inflexible and unsuitable financial commitment. It can often reap rewards with better negotiated interest rates and/or terms. It is also complimentary.

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