Red Rock Mortgages Announces Special Home Loans for Bad Credit Borrowers
Melbourne (PRWEB) July 09, 2013 -- A specialist mortgage finance company headquartered in Melbourne, Red Rock Mortgage recently announced special home loans for aspiring borrowers with a bad credit history in Australia. People who cannot qualify for traditional home finance due to a bad credit history can now avail specialized home loans from the company at competitive prices. The company has been offering bad credit home loans for a long time but it’s for the first time that deposit bases have been slashed by a great margin among other changes.
Banking institutions turn down home loan requests especially when the credit history of an applicant is less than perfect. Red Rock Mortgages, with several low doc loan products and SMSF loans on offer, has gone a step further to assist aspiring borrowers who do not fit well with the traditional banking system. Mortgage lending, over the years, has evolved a great deal and it is due to this reason Australians are now making use of low documentation, bad credit and SMSF loans to buy assets or refinance properties.
Red Rock Mortgages offers both specialized bad credit home loans and low doc bad credit mortgage in Australia. Therefore, bad credit borrowers at any point in time can utilize these loan products to prevent mortgage repossession, consolidate tax debts or make a profitable property investment.
"Judgments, paid/unpaid defaults and even bankruptcy history are not big issues people applying for bad credit home loans with us. Our financing facilities are competitive, and they’re for everyone," said Andrew, official spokesperson of Red Rock Mortgages.
While borrowers will certainly welcome this announcement, it remains to be seen how Red Rock Mortgage filters out the applicants who get specialized bad credit or low doc bad credit loans and don’t pay back on purpose.
Established in the year 2004, Red Rock Mortgages is a well-known Melbourne based mortgage finance company. The company offers a wide range of finance solutions, including low doc loans, bad credit mortgage and self managed super fund loans in Australia. Red Rock Mortgages is licensed by the Australian Securities and Investments Commission (ASIC).
Andrew Smith, 03 9863 7654, [email protected]
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