How a regional upgrader secured an $880,000 pre-approval

The situation: A young family looking to upgrade their home in Argyle, WA.

The challenge: Previous credit impairment, limited regional lending options, and they’re looking to maximise borrowing capacity.

How we helped: Our near Prime Clear home loan option offers a flexible approach to income sources and minor credit impairments, with the option of 40 year loan term to support borrowing capacity.

The outcome

• Loan pre-approved for $880,000, in a Category 4 location while they finalise the sale of their current home.
• Both PAYG and self-employed income used for servicing.
• 40 year loan term used to support borrowing capacity and affordability.

When location matters, we’re giving you greater flexibility to solve more scenarios. Let’s go.

Have a regional scenario to workshop?

Your Connective Lending Manager or Connective Solutions BDM can help you work through scenarios involving location, income mix and previous credit impairment.