How a self-employed grew their property portfolio to over $5 million
Occupation
Self-employed – Financial Services Industry
Location
NSW (Cat 1)
Loan Amount
$3.9million across three securities
LVR
70% average
Property Type
House + Unit
Scenario
Mr and Mrs L are a self-employed couple who have been running a successful financial services business for over 20 years.
Looking to expand their Real Estate portfolio, the couple reached out to their mortgage broker seeking to refinance their two existing investment properties and obtain equity for the new purchase.
How did Brighten help?
At Brighten, the maximum exposure per borrower is $4 million. Therefore, Brighten was able to accept Mr and Mrs L’s applications under the Alt Doc Brighten Boss® Prime product.
Brighten Boss® Prime product requires ONE form of income documentation – by providing a borrower income declaration supported by an accountant’s letter, Mr and Mrs L were able to use their self-employed income for servicing.
Fees, charges, lending criteria applies.