Vivek wanted to purchase his first home for his family and he put a deposit down for $70K before getting an approval for his home loan. He got an assessment from his bank and it was rejected because of a small default, which should not have been on his credit file. He was nervous he would lose his deposit and as a result of going to many banks his credit score was affected because of numerous applications and no bank wanted to help him out.
Client Name: Vivek Shrestha
Location: Sydney NSW
Vivek has been wanting to purchase his first home with his wife. They understand that this could potentially be the beginning of their journey together as a husband and wife.
"I have never been so appreciative for someone turning my dream house to a dream home."
Vivek Shrestha Home Owner
How has your project helped the client?
finding the pearl
Vik had to work closely with Vivek in order to help him throughout his predicament. We were able to secure a loan with a second tier bank at a much better rate. By doing this we were able to ensure his deposit of $70K didn't go down the drain.
In conjunction with this we had 20 days in order to ensure we secure the loan otherwise the period to attain the home would no longer be in availability and hence could lead Vivek to lose his home he put a deposit down for. After getting the loan approved within 10 days, Vik was able to provide Vivek with good news.
Therefore, Vik and the team were able to secure Vivek a loan in 10 days time before the end of the 60 day period and saved his $70K deposit too and provided him with his dream home.
Saved $70K on the deposit
Vik was able to get Vivek a loan within 10 days
Saved Vivek his dream home
Acquired a great interest rate the big 4 couldn't offer