As a result of the success of its Non-Conforming Home Loan released in December, mortgage bankers Cairns Lockie Limited
announced today the expansion of its product range to include Fresh Start.
Fresh Start is a product best suited to borrowers who do not meet the lending criteria of A Grade lenders for a number
of reasons including credit problems.
The product gives such borrowers a Fresh Start, and some time to get their credit history sorted out.
Mr Lockie reported that "Cairns Lockie had seen very strong demand for its Non-Conforming Home Loan released in
December." "We have done a good number of loans for borrowers with adverse credit issues, many of whom would be unable
to get finance from conventional sources" he said, "Borrowers have been requesting product enhancements such as
principal and interest loans, and larger loan amounts. Fresh Start had been released to accommodate these requests".
The key features of the Fresh Start Home Loan are:
Suitable for purchase, refinance, consolidation and investment Loans up to 85% of value No lenders mortgage insurance
required Adverse credit history is not an issue Principal and interest for up to 25 years Interest only periods of up to
five years are available Quick approvals and settlements
Cairns Lockie Limited is a mortgage banking company specialising in residential and residential investment lending. It
has a strong internet presence through its site www.emortgage.co.nz
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