MY BANK SAID NO OR YOU HAVE TO WAIT 3 MONTHS

Every individual or business is in a unique financial situation and what works for one person may not work for another. At First Rate Mortgages, we are mortgage advisers specialising in Non Bank home loans, second mortgages and business lending that the traditional Banks can’t always help with, as it is outside their lending criteria or you find it hard to prove your income.

Dealing with second tier lenders in NZ offers a unique solution for many individual borrowers. This includes those that are self-employed or business owners, who want to borrow against home equity for payment of IRD tax arrears, additional capital, saving a mortgagee sale, helping a family, or applying for a bad credit home loan. Just getting on the property ladder is a dream for so many people.

Many businesses require a short term loan or business line of credit for working capital on an unsecured basis. We have now added online applications for secured and unsecured business finance to our Business Loans page. Finance can be available within 24 hours!

If you are looking for an investment property, building a home or a new home buyer and you are still awaiting approval of your Bank home loan application, is it time to look elsewhere? You may have also encountered resistance with your application as you have had a poor credit history in the past, covid also impacted so many people both through ill health and financially which may have impacted your credit report. Well, we are here to assist with your loan application process and have access to lenders who are happy to give you a chance to get back on your feet and start again.

Dealing with such a large number of Non Bank lenders and private mortgage providers means we can look at non-traditional lending solutions to help you, even with only a 20% deposit.

We have helped so many clients who have had a bad credit history, high credit card debt, a declined mortgage application, difficulty being able to provide evidence of their income or clients who just don’t fit their Bank’s credit policy. First Rate Mortgages can also consider applicants for urgent short term settlements if you are having trouble seeking a quick home loan settlement as a lender has either missed a deadline or withdrawn a loan offer.

We can also help you find a Non Bank lending option to get you back on top of your monthly repayments by consolidating debts or get a home loan approved to help you buy that second home or commercial property that you have always wanted.

Solving problems with solutions. Chat to one of our friendly, experienced mortgage brokers today – when your Bank said NO or is just too SLOW!