Consolidating mortgage arrears
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.We arrange mortgages from a panel of lenders and we will receive a commission from the lender upon completion.In general, you should be approved for a private mortgage so long as you own your home and that home has equity in it.However, the amount you are able to borrow will depend on actual amount of equity in your home.Enquire online for a no obligation quote and mortgage advice.
If that's the case, you'll need to consider other options, such as: Before entering into any agreement, be sure you understand how the account will be reported by your lender and what the financial implications will be.Refinancing could allow you to obtain a lower interest rate, access flexible rate options, consolidate multiple debts or leverage accumulated equity in your home.Whether your mortgage is in arrears due to missed repayments or unexpected rise in interest rates, or you’re unable to work due to an injury, refinancing may be an option to consider.Tell us what you're looking for and we'll let you know what deals may be available to you, despite your mortgage arrears.At Ocean Finance, we can help you find a new mortgage on your home, even if your credit score isn’t in the best shape or you have past mortgage arrears.
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We work with a large network of lenders who can offer you excellent private mortgage rates.