Non Conforming - The non conforming loan is for anyone who has experienced financial problems in the past. This loan is to help re-build credit ratings. If any of the examples below sound like familiar, then you are not alone! The Non Conforming loan is the one to use when you do not fit with the usual conventional lenders due to their guidelines. Bad credit, poor financials, short term employment, pensions, recent discharged bankrupts, late payments. These are some of the obstacles that more than 10% of the population of Australia face in purchasing a home or catching up with their debts. In some cases these examples may only be due to marriage break-down, loss of employment, injury or other unavoidable problems. Kick-start your life again! Pitfalls are higher interest rates and fees are charged and a minimum of 10% deposit is required for a purchase. Equity is the main requirement for refinance. Benefits are the chance to rebuild your credit rating, a fresh start and if you currently own a home a way to keep it.