“How we helped first home buyer Dave secure a home loan despite the banks telling him NO”

In the world of home loans, particularly those for first home buyers, rejection can be all too common.

Initially thinking he would take his bank’s advice and “apply again next year” Dave did what most others do not – he picked up the phone and sought out a second opinion.

If you’re self-employed you’ve no doubt experienced the pain associated with applying for a loan of any kind. Over the years I’ve heard from so many clients who have been given every possible excuse from their bank as to why they don’t meet their ‘inflexible lending criteria’. If you’ve found yourself in this situation before, if you’ve experienced the frustration of being told ‘no’ or having an application rejected, you’re going to enjoy this story.

“A client shared an interesting analogy with me recently… Jan described the feeling of going to see a mortgage broker as akin to the feeling you get when you have a dentist appointment coming up. I let out a nervous laugh – was she serious?”

The clients I have helped are people who have a vision of what they want their lifestyle to look like, have considered the amount of wealth they need to support that lifestyle, and are prepared to act. It seems crazy to me that despite the ease with which you can utilise this strategy for enormous personal benefit, the requirement to act stops so many from ever moving off the starting line.

Achieving success was simply going to require a nose-to-the-grindstone type approach, and after 30-40 years of hard work and dedicated service as a valued employee I would get to retire fat, rich and happy… I then discovered new strategies for accumulating wealth and achieving success; strategies that didn’t require 14-hour days and 6-day weeks.

Improving your financial position is a popular New Year’s resolution for many of us. However, it shouldn’t come down to blindly maximising your debt repayments or regular savings into a bank account. Being educated about your options can put you in a much better position.