- Purpose – Business/ Personal
- Loan Amount – $450,000
- LVR – 60%
- Credit History – Clear – Minimal Debt
- Product – Essential Prime Full Doc
- Income Type – PAYG Income
Steve & Lisa’s Story
Steve and Lisa are Owner Occupiers who needed finance to pay out an existing Business Loan and to purchase a new vehicle for the family. The couple had sold their caravan business three months ago, and are both now PAYG employees within the same industry.
They had difficulty in finding a lender that would allow the refinance of their Owner Occupied home, to pay out their existing business debt.
Why they came to Resi
- Prime clients with great credit history, couldn’t find a bank who would look at assisting with payout of business debt under residential lending
- Clients recently sold their business (were self employed) and are now PAYG (working in same industry) – they had only a few months of PAYG income verification
- Wanted to take cash out to purchase new family vehicle