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Non-conforming Loans :

Non-conforming loans or finance refers to loans that cater for those you cannot meet the standard income verification and/or credit history requirements that mainstream lenders use for ordinary borrowers. Such borrowers include those who are self-employed, have a poor credit rating or have recently arrived in Australia. Non-conforming loans are usually offered at higher interest rates to reflect the higher risk of these borrowers. Non-conforming loans or finance are also called "sub-prime lending".


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