Success
Recently we met a couple purchasing their first home together at an advantageous purchase price from family.
They required 100% funding of the purchase price, which was possible due to the equity in the property being gifted.
Both husband and wife were self employed and had a few defaults on their credit report.
Debt servicing appeared fine based upon self-declared incomes although financials provided indicated the income declaration was reasonable.
The successful loan was approved of just over $190,000 at 10.35% pa for a 30 year term.
Do you know anyone in a similar situation?
Let us know, we might be able to help.