Find My Mortgage & Debt Solution

Introduction

Did you know that people with ‘Financial Stress’ are at risk of losing the lot? And that the longer one dwells on a ‘Financial Problem’ the heavier it gets.

Well here we will explain in “people” words what we do, and how we can assist you.

No doubt people are aware we provide the most advanced up to date home loan products in the country.

We don’t judge or discriminate people, and most importantly we understand that a person simply may have had a problem or two in the past, sometimes due to no fault of their own.

Life can throw unexpected problems at you. Most people wouldn’t be aware, but statistically, many family’s could not sustain making their monthly payments for more than 3 months should their incomes stop due to illness, injury, job transitions, or just had a bad couple of months trade in a seasonal industry.

It wouldn’t matter if you’re an employee in a respectable position for a large Company on an average wage, or that of executive level on high net salary, even the self employed business person big or small business.

We are so financially fragile that logically the only way a person could honestly say they are in somewhat of a comfort zone is if they genuinely had packed away in a bank account the equivalent of 2 years of their total annual overheads. Because that’s how long it may take to weather a storm, and we all don’t know many that have acumen that.

Who We Are

Redilend Australia is an affiliated mortgage Co-operative financially backed by some of the biggest Bankers servicing the entire country. Built around the model of a specialist boutique mortgage management & brokerage services firm, a logic that has not failed to date. Keep it small, but large enough to gain popularity amongst the clients needing tailored lending. This results in a consistent quality level  for our valued customer. With a team that have actually worked first hand within the Banking Sector for wealthy people for many years, eventually you become a custom to what formulas work for people & what doesn’t.

We see it far too often clients that obtained advice from a banking & finance employee that passed them a simple brochure conducting a quick tick here and flick there and the client is offered an inferior financial loan product. A product that had it been for themselves, in your same position, they would never have accepted it.

Life should not be this hard. With Redilend, the person you speak with today, will be the person you speak with tomorrow. No new or different staff member that you need to re-explain things to again like with some banks. All clients are allocated one loans officer that will answer your call within our All Australian call centre.

It’s Simple

If we wouldn’t accept it for our own financial self, then why would we offer it to you. It’s like a waiter or chef sending out a sub standard meal and you ask them, “Q – Would you eat it? Answer – No . Q – Then why would you send it out? Answer – I was just doing my job, sorry . ” That’s fantastic. And believe it or not, there are many loan staff out there that do the same, their job, and in this day is not enough. A duty of care should apply at all times. Our view is the loan must be of benefit to you, or we won’t even tender the letter of offer.

It’s Your Choice

If you’re self employed, behind on your mortgage, have no tax records, or have a not so crash hot credit rating, We Can Help!

Help Us, Help You

We specialise with the consolidation of debts, mortgage refinancing, purchase of property including Commercial & Industrial Zonings, Rural Acreage & Farms, Income Producing Land, Residential Properties, even high end mortgages for Luxury water front or specialised real Estate, from 5 Million to 100 Million offering options of up to 30 year Loan Terms.

Our Ability, Your Gain

We are not scared off by loan size and historically fund multi million dollar transactions,Australia wide, on a daily basis. Our funds pool is full at any one time and what many would see as a high amount, we would look at as baby transactions. All relative of course.

We still love assisting mum and dad property owners with smaller loan sizes, take the self employed as an example. They work night and day, paying their mortgages, debts, have a 30 foot boat parked out front, a classic hotrod car in the garage insured by Shannon’s, and maybe a holiday house, yet cannot get a loan easily enough due to not having up to date tax records. However an employee with less assets and who holds a job earning a base wage, can save a 5% deposit and apply for the remaining 95% as a 30 year mortgage! It is presumed that self employed people are a risky client, but if analysed they are  actually more financially stable on paper than the 5% deposit home buyer.

Logical Info

Another point is a self employed loan MUST come up with a 20% deposit + Costs. This in effect reduces the risk to the bank by forcing the client to inject more equity within the property, reducing their going concern. This results in a lesser lend by the bank, meaning less risk. There has been much debate recently where the self employed have been singled out as high risk. The term Lo or No Doc was misrepresented by some poor operators prior to the National Consumer Credit Protection Act. They were known as “Lo Doc Loans”, to facilitate investors that did not have the ability to show proof of income because they were possibly so busy running their businesses, or they fell behind on their ATO obligations. It didn’t mean they were bad or committing an offense, all it meant was they needed to catch up later on their paper work, but do have genuine income. Prior to ASIC’s intervention, there were some borrowers and brokers, even banker staff alike that started to be a lot more flexible on these so called lo doc loans fabricating the true earning capacity for the applicant to qualify for the loan so they could meet their own employed sales targets. Problem was they could not afford to repay and eventually came to attention by the powers that be. These false applicants did not own a business, or have a genuine income and rightly so, should never have entered such a mortgage. This created a major problem for ethical and honest mortgage lenders out there that were actually providing ethical mortgage facilities. The industry come together and lobbied for a solution.

This is where ASIC intervened. It was a god send for you the consumer and the mortgage provider. The intervention meant that the industry recognised the genuine need for tighter controls. The Banking sector has never been better since. Redilend realised the need for such client assistance and maintained their limited documentation facilities by continuing to raise funds  for our self employed clients.

The Good News !

Yes Lo Doc Loans Still Exist For Commercial & Other Borrower Use. In actual fact Lo Doc lending was  a lesser risk than the media made out. There is no current lender that offers a self employed loan that offers a higher loan amount above 80% LVR, which means they are actually a lower balance sheet risk compared to PAYG home loans of 95% LVR to the lender. If conducted in an ethical manner by all parties Lo Doc is a genuine low risk market for the aid of consumers. How does this matter to you? We’ll don’t be worried to take one of these loans out should you have the need to. They do have a beneficial home in mortgage lending. Ask us how.

Lots Of Options

Factoring these points, there are several ways an individual or company can demonstrate servicing capacity. For instance where one document of proof isn’t present, substitutes can be provided where as “you” the borrower would have normally been penalised or declined by a traditional lenders criteria, if you genuinely DO have ability to repay without hardship. To find out more, phone for details.

Your Strength

Having access to the top 5 Australian Banks, added to our existing panel of in excess of over 100 combined specialised lenders, privately structured in-house investors, we can also arrange monies up to 100M + per transaction for any business capital needs. This does give us a clear edge above traditional lenders when they are scared off by loan size. However, be mindful this is a case by case basis and is funded on merit. There are independent criteria for high net worth applicants that need to be catered for. Our interest rates are also the most Competitive Rates On The Market? & generally our credit committee have access even better interest rates be it variable or fixed rates from the big banks that would be far more competitive for the consumer could obtain at branch level. This is due to our high exposure & relationship with our funds department.

HOME LOANS

First home buyers always choose us for their home loans because we are not like other banks or brokers. We pretty much do all the work for them and guide them through the process. As an example, a solicitor represents the client in a court of law, where we represent a client within a Bank.

SOLUTIONS

In situations where a client may not fit a particular lender, we do have in-house access to a range of sophisticated Investors be it Building Societies, Credit Unions, Non Bank funders such as our own Private Investors, suited to people who have that tricky financial problem that’s outside a traditional lenders scope.

FYI

From Business Loans, Short Term Finance, 2nd Mortgages, Bridging Finance & even Fast Caveat Funding. No matter what your situation, if you did not see your scenario fit within one of the paragraph sentence, then give us a call or send us a quick email. We always can step outside mainstream lenders red tape. We help mum and dads with their competitive home loans, to big time investors that have a scary number to throw at us. We are not scared off by figures. We live breath and eat mortgage lending & will advise you within 5 minutes what is and isn’t possible, then tailor a solution that is custom to your needs.

Don’t Forget!

Remember, we are more than happy to help clients with loan sizes from as little as $100K all the way to 100 Million. Nothing to big or small as they say.

Decent People

The team at Redilend is renowned for their old fashioned warmth when conducting a consultation. We do not treat you like a number & often hear from clients who have been mistreated by other banks and lenders due to being misunderstood, and lacking corporate & financial knowledge by the banking employee. We have the some of the banking industry’s brightest staff, all in-house who have nothing but time to listen & work out those little important aspects of your life that matter. And most of all, we treat you like family. We won’t ask you a thousand questions as to why you need the finance and know for every problem there a reason for ones circumstances. So long as there is Real-Estate offered as security, often the business loan is yours. We wish you the best in your financial future & look forward to speaking with you soon.

Friendly & Private Discussions Assured. …Redilend is a National Mortgage Lending Service, no matter what corner of the country you’re located…

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Terms, fees, conditions apply. No personal loans without real estate as security. We advise any consumer regardless of their financial position to seek financial and legal advice. This is in & for your own best interest. To safeguard your financial standing, we advise all Australian’s to seek professional assistance in their relevant state. We also request all consumers be educated upon what the NCCP is. We recommend you seek a lawyer to explain more.  Although we cannot speak highly enough about our professionalism & our wealth of industry knowledge, it is Australian Law that you have the right of legal & financial advice.  Any other bank or lender that does not indicate this is not exercising your best interests. It can be assured that your Banking & Financial needs are in the most responsible of hands at. All information within this website should not be relied upon as financial or legal advice. This website is intended for general information only and should not form any part of any formal legal, financial decisions. Nil responsibility is accepted by Redilend or its staff to any person or entity for any financial loss or damage either caused by negligence or else arising by the use contained within. Should you wish to seek more accurate specifics as to what options are right for you, we recommend you contact our call centre & speak with one of our consultants in regards what’s indicatively what’s right for you. We aim to be as professional and user friendly as can be, but laws require us to be very diligent and thorough when speaking to clients. We would presume that most persons would see this as responsible from a credit adviser and appreciate the duty of care. We hope this has made a difference when considering your preferred choice for credit advice & brokerage services.