Finance Case Study #10

Purchase Owner Occupied Home with Father

Our client is self-employed living and caring for his parents. They have been renting for years and always wanted to buy their own home but did not think that is possible. Father and son found a property they wanted and approached WhiteStar mortgage brokers to see if they have any options to buy the home they wanted.

WhiteStar have been in business for over 20 years and have options from 20+ lenders. With the extensive knowledge of various products in the lending market, our broker managed to obtain enough funds for them to purchase along with their combined deposits. Father is on a Veterans Affairs Pension and Son is a self-employed truck driver with a strong income. Our broker Joanne C worked with the client to achieve their dream and successfully obtained a 90% loan with AMP. Her understanding of the various lenders’ policy helped the client in achieving a successful outcome. AMP are one of the few lenders who don’t use automatic credit scoring up to 90%. Every file is manually assessed.

Our clients are so happy and now be proud homeowners and no longer need to rent. This has provided them with some security and peace of mind.