“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.
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.
Coastal Business Group's Tom Haigh joins Fortuity Lending's Senior Mortgage Broker Jeff Sawtell to discuss various topics including the current environment for mortgage brokers post-Royal Commission, why consumers should use a mortgage broker, and how often you should be looking for a better deal.
