12/05/2022
Yesterday I was very proud that my first client settled at Mortgage Choice Manuka, when my client approached me stating they had been knocked back by a major lender three times and again after appealing the decision I knew it would be a tough one to get across the line. At the time my clients did not have a solid place of residence, and being self employed COVID definitely got in the way of their incomes.
With their Loan to Value Ratio above 90% it limited the lenders I had access to. I took this file to my mentor and he said that “this is not a deal”. After workshopping this file with countless lenders I came across a small niche in the NAB credit policy that allowed us to use one of the applicants Notice of Assessments for income verification rather than his business income, this allowed me to get the deal across the line and the clients into their first home. First home buyers already have a tough time when it comes to purchasing a property, when you also include the impacts of COVID it makes owning your home even more out of reach for most. I look forward to helping more clients in the future.
