Loan At The End Of A First Home Buying Tunnel
Witness a first home buyer’s Queensland property dream come true as an expert broker steps in with ways to make client’s loan application look stronger. Approval comes best with Expert solutions!Summary
Details | Description |
---|---|
Customer | Lana: Single Applicant |
Mortgage Broker | Steven Chan |
Customer Goal | First property purchase, owner-occupied |
Problem | Lana was a casual employee with a majority of her deposit in non-genuine savings. She also had a minor credit issues in past defaults and a gambling transaction. |
Loan Amount | $297,399.56 |
Security | $450,000 |
LVR and Term | LVR: 69.88%, Term of 30 years |
Income | YTD Income: $86,653 |
Solution | Find a lender that’s willing to consider home loans with a low deposit and has a flexible assessment process based on the borrower’s needs. |