Which Home Loan is Right For You

Why run around banks and lenders to get your home loan? Save time and let us do the work for you!

It's sad but true - with the after-shocks of the financial crisis still in memory, getting a loan for your dream home is an even bigger hurdle than ever.

Forms, rules and restrictions = headaches

Even though some finance companies have been taken over by other banks, there are still a huge number of options to choose from.

And with each lender, comes specific requirements, forms and regulations to meet before you can even submit your application.

With hurdle after hurdle to overcome, and no guarantees on finance, it can sometimes feel like you're wasting time and energy trying to get into your home.

Why? Because of your credit history

Your credit history is a list of your financial behaviour over a ten year period. If you've had issues with credit-card repayments, it'll be here.

When deciding to extend finance, banks and lenders look at your credit history, together with a host of other influences such as your income. If your credit-history is good, then you've got a major advantage. However, if it’s bad, then your loan is in jeopardy.

If you’ve had:

• Bad Credit Problems, for example, with credit cards
• Loan Arrears or Defaults with personal loans or other finance
• Unpaid Rates or Tax Bills
• Mounting Debts, robbing peter to pay paul...

Then your home loan can be more difficult to obtain. Banks limit lending to ensure you can repay the loan and interest (and insurance if you’re borrowing a higher amount) in the time given.

With access to your credit history, the banks and lenders can reject your application at a whim, and tell you nothing. A small issue many years ago has the power to cripple your attempt to get into your home.

Mega Homes is here to help

Mega Homes is here to help you get the home of your dreams. Not only will we build it, but we'll help you get the finance you need by doing the hard work for you.

We'll help with:

• A free, no-obligation credit-check -- to find out what your credit history is and what may be holding you back with your loan applications
• Filling out your applications -- we'll help you write your application for finance and even submit it for you, that way you’ll save energy and be able to spend your time doing the things you want to do
• Best deal finance -- we search for the best deal in finance to suit your particular circumstances. We'll do our best for you even if you’ve got a bad credit history.

Remember that the First Home Buyers grant is only in force until 2010, so get in now to reduce your home loan.

Email us or visit a Mega Homes display centre and feel better about getting into your new home!