The clients were referred to us through their work colleague who recommended our services. Through their previous Broker, clients were placed with a non-bank lender, and were currently paying 9.98% on their home loan.
Unfortunately, these clients were not able to show savings, in conjunction with their paid default, which was a requirement of the lender to take them on. Instead of treating the application like it had no merit, we got to know our clients and what they had achieved in the last year. 1 wedding, and 2 unexpected overseas trips home, – this meant their savings were depleted. We took this to the lender, showed bank statements and transfers, with dates, and were able to get it across the line with the clients preferred lender.
Purpose: Refinance Owner-Occupied Home Loan
Loan amount: $570,000
Security Value: $715,000
LVR: 79.72%
Lender: Mainstream Lender
To find out more about how we can help, contact our team today.
