"Here are just a few of the many home loan scenarios I've listed from people just like you...
 

People who we have helped with their home loan -- whether you are refinancing into a cheaper interest rate, have mortgage arrears or wish to consolidate all your loans into one -- look at the real scenarios below.
 

"Refinancing into a cheaper interest rate"

Oscar and Gertrude approached us to assist them in arranging a suitable loan facility to minimise the repayments of their existing home loan. The rate that they were paying was putting them under financial strain and they were not in a position to enjoy the finer things in life.

The couple had some small defaults that were paid in full at the time, but Dreamloans were able to refinance the loan into a lower interest rate and access some additional cash for a holiday.

"Purchasing an Investment property"

Stella and Pablo were wanting to utilise the equity in their current residential property to purchase an investment property.

They were concerned, as they had 3 defaults that totalled $10,000 that were paid over 12 months ago. They were worried that as a result of these defaults they may not be able to obtain finance or would be liable to pay a higher interest rate.

Because the defaults were paid for over 12 months ago, Dreamloans were able to find a lender that would lend up to 95% of the purchase price at an interest rate of 7.54% with no on-going monthly fee’s, Lenders Mortgage Insurance was also added to the loan.

The clients took advantage of this package to purchase their investment property and apart from generating rental income, they now own an asset, which is growing in value and providing them with some tax benefits as a result of being able to claim the interest and maintenance expenses of the property. The couple are now in receipt of a substantial tax return, which they contribute to their mortgage and save thousands each year.

"First Home Buyer"

Kelly approached us to assist her in raising funds to enable the purchase of her first home. She had been in her current job for over two years and had great stability, however she had no genuine savings to contribute towards the purchase.

Kelly also had two paid $500 defaults for phone bills that she neglected to pay whilst she was on an overseas holiday some time ago. She was concerned that this would impact her ability to obtain a loan or that it would make the cost of the loan to great to afford.

Kelly’s parents were in a position to assist by allowing her to access the equity that they had in their own property, however they had a small debt owing against the property and were unwilling to refinance.

Because Kelly’s defaults were minor and were paid, Dreamloans was able to arrange a loan facility for her using the equity in her parents property without having to refinance her parents debt, even though her loan was with another lender. She was also able to choose from a variety of highly competitive interest rates & products and used the First Home Owners Grant to purchase homewares for her new home.

"Construction loan"

Max and Lena came to us for assistance for a construction loan. They had approached other lenders, however they were having problems in obtaining finance as they had 3 paid defaults that totalled approximately $10,000 as a result of a bad business venture a couple of years ago. Both now had stable employment and had paid these defaults in full 12 months prior.

The couple were wanting to build their dream home, but only wanted to put in a minimum deposit and pay a competitive interest rate, in conjunction with their defaults, this was proving to be difficult task for them to achieve.

Dreamloans was able to find a solution for them with one of our lenders that saw the clients pay an interest rate of 7.54% and borrow up to 95% LVR and lenders mortgage insurance was added to the loan. Minimal deposit was required and it was the dream loan for their dream home.

"Mortgage Arrears"

Henry and Violet had fallen behind in their current mortgage repayments. Henry had fallen ill in the months prior to this and was unable to work, therefore reducing their income substantially for a period of time.

They had trouble catching up the arrears and as a result the lender began charging default interest over and above the interest that was already being charged. This increased their monthly repayment substantially and added further strain to their financial situation. On top of this, they were in receipt of threatening letters from the lender and legal costs were also being added to the loan, things were spiralling out of control.

Dreamloans was able to find a lender that was able to refinance their existing loan into a new mortgage. This enabled them to concentrate on paying the minimum monthly repayment without the worry of catching up the arrears and paying legal costs, things were manageable again.

"Favourable purchase"

Joseph and Belinda wanted to purchase their mothers investment property at a lower than market price. The agreed price was $200,000, however the market value of the property was in the vicinity of $300,000.

We were able to assist them by finding a lender that would use the market valuation, instead of the purchase price.

This enabled the couple to purchase the property without having to contribute a deposit and also enabled them to avoid mortgage insurance, as they were borrowing less than 80% of the market value of the property.



"Extensive Mortgage Arrears"

Frank and Tina had made some bad investment choices that resulted in some serious debts and 7 months home loan arrears.

They both had stable employment and were generating good income, however they needed to clear up the debt and home loan arrears as they were at risk of the lender re-possessing their home.

We were able to find them a solution to their problems with a lender that paid out all of their debts and consolidated their mortgage into the one loan. This improved their overall financial position, so they were able to continue on and keep their home.

 

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 email me on sarahr@dreamloans.com.au or complete the application form and I will call you within 15 minutes on any business day to work out how much you can SAVE!

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