"Home Equity Loans."

Book of Scenarios - Residential Mortgages

"We like to let our clients do our talking... Sound testimony of our level of commitment to our clients"...

Scenario One

A fresh beginning

• The client was a recently divorced mother of two who had returned to the workforce nine months ago

• Maintenance payments were paid via bank account for the previous 6 months on a regular basis.

Product

• Full doc loan on a 20 year term, variable principle and interest repayments.

• Lenders fees capitalised on top of the loan amount.

Solution

• Lender was able to offer a 92% LVR (Loan to value ration) for the borrowed amount of $349,200

• The client was able to retain the family home and provide stability for her children

Scenario Two

The break up

Scenario

• A couple of 4 years had built six investment properties.

• The break up of the relationship resulted in bills not being paid

• The court decided that the couple would split their assets 50/50

• As a result of reduced cash flow they could not meet obligation to refinance

Product

• Private, asset lend product with 12 months interest only payments

• Lender fees loan funded

• Interest capitalised for the term at 80% LVR

Solution

• The facility allowed a 50/50 split with each client able to retain three properties

• Utilising the pre paid interest option, they were able to purchase another property

• Since, one party has come back for additional funds

Scenario Three

A helping hand

Scenario

• A client had purchased five units on one title for $550,000

• The contract of sale was signed and the deposit had been paid but he was unable to find a lender to help. This put the deposit at risk.

• Comparable sales supported the property valuation.

Product

• We advised low doc loan on a 30 year term, with fixed interest rate for 5 years

• The lenders fees were capitalised

Solution

• The lender was able to offer a 91% LVR for the amount

• The loan documents were emailed to the client for quick execution which meant that his deposit was saved

Scenario Four

A helping hand

Scenario

• The client purchased a Brisbane metro property for $445,000. She signed the purchase contract on May 2006 to settle in April 2007.

• Her employment then changed

• A valuation was completed and comparable sales outside the development showed an increase in value to the property

Product

• A full doc loan was recommended on a 25 year term

• Interest only payments for 5 years at no extra margin

• Lenders fees capitalised

Solution

• The lender was able to provide the client with 100% of the purchase price including loan costs which meant that the deposit was saved.

Scenario Five

A second chance offer

Scenario

• A client needed to refinance their non-conforming mortgage and ancillary debts.

• Due to health issues, the client was three months in arrears on their mortgage and unable to catch up.

Product

• A low doc loan was recommended on a 20 year term, fixed interest only payments for the first three years.

• The lenders fees capitalised

Solution

• The lender approved the deal on a benefit basis

• The lender was able to offer a 80% LVR with loan fees capitalised

Scenario Six

Drowning in debt

Scenario

• Clients needed to refinance their owner-occupied property

• Recently married, the couple lost control of their renovation and fell behind on repayments.

• They needed to refinance their mortgage, personal loan, three credit cards and two store credit cards.

Product

• A low doc loan was recommended on a 30 year year term, interest only for two years.

• The lenders fees capitalised

Solution

• The lender able to consolidate all debts into one mortgage repayment

• They reduced their monthly outgoings and now they have been able to gain control of their finances and finish their bathroom.

Find out how much you can borrow

The first step in obtaining a loan is to determine how much money you can borrow. In the case of buying a home, you should determine how much home you can afford even before you begin looking. By answering a few simple questions, we will calculate your borrowing power, based on standard lender guidelines.


 

I GUARANTEE to answer you LOAN enquiry
within 15 minutes on any business day

Call me now on 1300 780 050 and ask for Sarah Redman or complete the application form and one of our experienced home loan professionals will call you within 15 minutes on any business day to work out how much you can SAVE!

You can also visit our website at www.dreamloans.com.au and learn what else we offer.

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