VMG received an application to purchase an investment property under the strain of a short finance clause. This was Broker’s own deal with income recently changed from PAYG to Self-employed.
With only self-employed Income projections offered, we were able to make the request work due to the strength of both applicants’ individual employment histories and the ability for a large uplift annualising the BAS and most recent payments.
They had never worked with VMG before, but our excellent customer service and results turned them into our advocate for future referrals and business.
We received an urgent loan application for a $1.2 million investment purchase in Parramatta on a Friday morning before a public holiday, with the financing term expiring the following Friday.
VMG prides itself on having strong working relationships with valuers and we have been able to use our contacts with them to arrange a pre-assessment of the property. We formally approved the loan upon receipt of the appraisal report and supporting documents within three business days of receiving an application and providing a solution that enabled clients to acquire their coveted investment property.
We were able to structure the loan for a single parent, which was used to refinance all overdue debt, including a large $50,000 default, including school fees and Centrelink debt. VMG offered a solution that resulted in the client paying a lower interest rate on their existing debt and a home loan with lower repayments on all their debt.
We worked on an application for a couple who desired to combine their personal and professional debts and were just a few years away from retirement. We were able to refinance consumer and business debt to help with the voluntary administration workout of the borrower’s personal and business liabilities thanks to our simple and adaptable policies and methodology. We accepted the lending in joint names, accepting the trading company’s guarantee, and considering the past, present, and business’s outlook for the future.