Background A customer required $440,000 to refinance their existing mortgage, release equity of $40,000 to complete the finishing touches to their newly built owner-occupied home and to repay and consolidate $45,000 of short debt incurred due to unforeseen cost overruns and delays in the construction process. This debt included them going slightly over their credit card limit and [...]

Background  A solo parent in a provincial city was about to receive an inheritance from her father’s estate. She wanted to buy her first home to provide stability for her and her child. Challenge Historic credit issues only recently repaid Some recent account conduct issues with dishonours Income all from Working for Families, child [...]

Background  A mother and son (aged 54 and 28) with no dependents wished to purchase a home together. They intended to reside in this home together, which is located in a small rural town in the North Island. Challenge The Broker had sought lending from mainstream banks but had been declined due to both applicants’ low credit [...]