Tolerant

 

Are you looking for a loan solution for your customers with less-than-perfect credit?

Look no further than Mortgage Street’s Tolerant product. Not only does it accept credit scores as low as 350-499, but it also considers customers who may not have a clear income or employment history.

Our goal at Mortgage Street is to provide you & your customers with first-class service and innovative products to help you deliver solutions to your clients who don’t fit traditional lending criteria. But if your clients don’t qualify for a bank loan, Mortgage Street can always find alternatives. With 24 mortgage options available, we can help your customers find the right fit for their unique situation.

Mortgage Street is committed to providing a modern, efficient service to our clients. By distributing home loans through professional Australian mortgage brokers, we can offer a convenient and streamlined digital process that allows you to apply for a loan, submit documents, and track the progress of your application from the comfort of your own home.

Working with a Mortgage Street accredited professional mortgage broker means you can benefit from their expertise and industry connections. This can often result in faster approval times, as brokers are able to expedite the loan assessment process and provide lenders with the information they need to decide.

Each lender has their own credit policies, which can vary significantly. By working with a Mortgage Street accredited mortgage broker, you can access a wider range of lenders and take advantage of more flexible credit policies that may be better suited to your individual circumstances.

A Mortgage Street accredited mortgage broker can help you to maximise your borrowing capacity by advising on the best loan structure and providing guidance on how to strengthen your application. This can be helpful if you have a complex financial situation or are self-employed.

If you are planning to purchase an investment property, a Mortgage Street accredited mortgage broker can help you understand the tax implications of negative gearing and advise on the best home loan options to suit your goals.

A Mortgage Street accredited Mortgage brokers have access to a wide range of lenders, including those that may consider larger loan amounts. This can be especially useful if you are looking to purchase a more expensive property or undertake extensive renovations.

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Many lenders require mortgage insurance for home loans with a loan-to-value ratio (LVR) of over 80%. By working with a Mortgage Street accredited mortgage broker, you may access lenders that do not require mortgage insurance up to an LVR of 85%, saving you money on your loan.

Fill up the MSt 003 and get low rates within a day 

Complete the MSt 001 for ready to submit a new application

Mortgage Street focuses on what you and your customer needs. Submit a scenario now and we’ll help you every step of the way.

 

Frequently asked questions

The maximum loan amount for Tolerant I is $1,000,000 per single security. As a mortgage broker, you have the opportunity to help your clients access some of the highest loan amounts available in the market. With Tolerant I, you can assist your clients in securing loans for their dream properties and help them achieve their financial goals. However, this is just a brief information, to explore more about the loan products, terms and conditions, fees, and other important details, visit our website and learn more.

The maximum exposure per obligor for Tolerant products is $12,000,000. However, if your clients are seeking a higher amount, they may want to consider our Good Borrowers products such as Ultra Prime, Super Prime, Premium or Optimax, or complete the MSt 003 form to see if they qualify for a higher amount exposure. For more detailed information and other loan options, please visit our website.

The maximum loan-to-value ratio (LVR) that your clients can obtain in Tolerant products is 80%. However, if your clients are looking for a higher LVR, they can complete MSt 003 to check if they qualify for a higher LVR. For more detailed information and other loan options, please visit our website.

Yes, Tolerant products do accept Island location capital postcode 1 for completed properties. If your clients are looking to purchase or refinance a completed property in an island location, Tolerant products may be a good option for them. For more detailed information and other loan options, please visit our website.

 

Broker Support

Monday to Friday 9am – 5pm (Sydney time)

Frequently Asked Questions

+LVR stands for the loan-to-value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.

*Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Loan applications, refinances and balloon amounts are subject to credit assessment.

Conditions, credit criteria, fees and charges apply. Based on Mortgage Street’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it’s best to read the terms and conditions.